Several authoritative sources provide comprehensive rankings of banks globally, focusing on various metrics such as total assets, capital ratios, and safety ratings. Here are some of the most recognized sources:
LexisNexis Risk Solutions
- Overview: LexisNexis compiles bank rankings based on balance sheet information from its Bankers Almanac, focusing on total assets and capital.
- Latest Rankings: The 2024 ranking includes the Industrial & Commercial Bank of China at the top with assets of approximately $6.33 trillion, followed by other major banks like the Agricultural Bank of China and China Construction Bank [1].
S&P Global
- Overview: S&P Global provides detailed rankings based on regulatory Tier 1 capital ratios, assessing the financial resilience of banks.
- Key Findings: Their reports highlight the top 100 banks, with ICBC again leading due to its robust capital position. The rankings also reflect stability in capital ratios despite economic challenges [2][4].
Global Finance Magazine
- Overview: This publication ranks banks based on their safety ratings, considering factors like credit ratings from major agencies (Fitch, Moody’s, S&P).
- Top Rankings: The World’s Safest Banks 2023 report lists KfW (Germany) as the safest bank globally, followed by Swiss and Dutch banks. This ranking emphasizes risk management and financial health [3].
Financial Times
- Overview: The Financial Times provides insights into the core financial strength of the largest banks, including Tier 1 capital metrics.
- Recent Trends: The latest analysis shows that ICBC continues to dominate the rankings for the eleventh consecutive year, highlighting its substantial Tier 1 capital and total asset growth [5].
These sources collectively offer a well-rounded view of bank rankings, incorporating various financial metrics that reflect both size and stability in the banking sector.
Citations:
[1] https://risk.lexisnexis.com/global/en/insights-resources/article/bank-rankings-top-banks-in-the-world
[2] https://www.spglobal.com/content/dam/spglobal/mi/en/documents/general/RatingsDirect_Top100BanksCapitalRatiosShowResilienceToThePandemic_49414125_Oct-04-2021.pdf
[3] https://gfmag.com/banking/worlds-safest-banks-2023-global-100/
[4] https://www.spglobal.com/marketintelligence/en/documents/ratingsdirect_top100bankscapitalratiosshowresiliencetothepandemic_49414125_oct-04-2021.pdf
[5] https://aboutus.ft.com/press_release/core-financial-strength-of-worlds-largest-banks-contracts
Here are the links to the latest rankings of banks published by various authoritative sources:
- LexisNexis Risk Solutions:
- For the 2024 rankings, you can find information on their top banks at this link: LexisNexis Bank Rankings [7].
- S&P Global Market Intelligence:
- The 2024 ranking of the world’s largest banks by assets is available here: S&P Global Largest Banks 2024 [9].
- Additional insights can be found in this article discussing the rankings: S&P Global Bank Ranking Insights [8].
- Global Finance Magazine:
- The full ranking of the World’s 100 Safest Banks for 2023 is published here: Global Finance Safest Banks 2023 [3].
- For the latest ranking of the World’s Safest Banks in 2024, you can check this link: Global Finance Safest Banks 2024 [6].
These resources provide comprehensive insights into bank rankings based on various financial metrics and criteria.
Citations:
[1] https://risk.lexisnexis.co.uk/about-us/press-room/press-release/20240822-juniper-fdp-banking
[2] https://en.wikipedia.org/wiki/List_of_largest_banks
[3] https://gfmag.com/award/winner-announcements/worlds-top-100-safest-bank-awards-2023/
[4] https://www.prnewswire.com/news-releases/lexisnexis-risk-solutions-named-second-overall-by-chartis-storm-2024-rankings-recognized-with-three-category-wins-302197952.html
[5] https://finance.yahoo.com/news/p-global-market-intelligence-global-000000106.html
[6] https://gfmag.com/award/worlds-safest-banks-2024-global-50/
[7] https://risk.lexisnexis.com/global/en/insights-resources/article/bank-rankings-top-banks-in-the-world
[8] https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/the-world-s-largest-banks-by-assets-2024-81221360
[9] https://www.spglobal.com/market-intelligence/en/news-insights/research/the-worlds-largest-banks-by-assets-2024
