Postal Savings Bank of China
Postal Savings Bank of China is one of six Chinese lenders with more than $1 trillion in assets.
Reuters/Kim Kyung Hoon
LONDON - S&P Global Intelligence on Friday released its annual ranking of the world's biggest banks by assets, with Chinese banks dominating the list, followed by US lenders, and then European banks.

In total, S&P Global included 23 banks across the world with over $1 trillion in assets across Asia, North America, and Europe.

"China's largest banks kept growing in 2016, but the currency turmoil unleashed by Brexit battered European companies in S&P Global Market Intelligence's latest global bank rankings," S&P Global's report said.

Banks with big retail operations dominate the list, meaning investment banking giants including Goldman Sachs and Morgan Stanley miss out on the top 23, ranking 32nd and 37th overall.

European banks had a tough year on S&P's list in 2016, thanks largely to depreciations in both the euro and the pound, which decreased the relative size of their total assets piles.

However, nine still remained with total assets of more than $1 trillion, including four French banks, three based in the UK, one in Spain, and one in Germany. That compared to six in China, four in the US and four in Japan.

Check out the world's biggest banks below.

23. Lloyds Banking Group, UK — $1.01 trillion

REUTERS/Elijah Nouvelage

22. Postal Savings Bank of China, China — $1.19 trillion

Reuters/Kim Kyung Hoon

21. Bank of Communications, China — $1.21 trillion

Reuters/Aaron Tam

20. Groupe BPCE, France — $1.30 trillion

Reuters/Benoit Tessier

19. Banco Santander, Spain — $1.41 trillion

REUTERS/Susana Vera

18. Societe Generale, France — $1.45 trillion

Reuters / Gonzalo Fuentes

17. Barclays, UK — $1.50 trillion

REUTERS/Sergio Perez/Files

16. Sumitomo Mitsui Financial Group, Japan — $1.65 trillion

Reuters/Toru Hanai

15. Deutsche Bank, Germany — $1.68 trillion

REUTERS/Kai Pfaffenbach

14. Mizuho Financial Group, Japan — $1.75 trillion

Reuters/Yuya Shino

13. Citigroup, USA — $1.79 trillion

REUTERS/Brendan McDermid

12. Japan Post Bank, Japan — $1.80 trillion

Reuters/Issei Kato

11. Credit Agricole, France — $1.82 trillion


10. Wells Fargo, USA — $1.93 trillion

Justin Sullivan/Getty

9. Bank of America, USA — $2.19 trillion

REUTERS/Brendan McDermid

8. BNP Paribas, France — $2.19 trillion

REUTERS/Charles Platiau

7. HSBC, UK — $2.37 trillion


6. JPMorgan Chase, USA — $2.49 trillion

Neil Hall/Reuters

5. Mitsubishi UFJ Financial, Japan — $2.59 trillion


4. Bank of China, China — $2.60 trillion

Getty Images

3. Agricultural Bank of China, China — $2.82 trillion

Thomson Reuters

2. China Construction Bank, China — $3.02 trillion

REUTERS/Tyrone Siu

1. Industrial & Commercial Bank of China, China — $3.47 trillion

Reuters/Enrique Marcarian