These are the best banks in the world
Which countries have the best banks?
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Which countries have the best banks? New research shows that the best investment bank in the world is American, but Japan is home to the best corporate bank and the best consumer bank is in Spain.
A new report by Global Finance Magazine has ranked the best global banks in 12 different categories.
The banks were selected on their performance over the past year but also reputation and management excellence. They were then split into categories depending on their areas of excellence.
Global Finance Magazine talked to bankers, corporate financial executives and analysts around the world to choose the winners.
Global Finance’s publisher and editorial director, Joseph D. Giarraputo, said that recent financial events and the strong US dollar make it more important than ever for people to choose the best bank for their needs.
“With volatile global markets and a strong US dollar changing the global economic playing field, these banks are ahead of the game-continuously investing in best of breed solutions and staff to outperform their peers and provide superior service to clients,” he said.
The winners were:
Corporate Bank
Mitsubishi UFJ Financial
Market Cap: $89.08 billion
Country: Japan
Founded: 2005
Network: More than 1,100 offices in more than 40 countries
Consumer Bank
Banco Bilbao Vizcaya Argentaria, (BBVA)
Market Cap: $56.64 billion
Country: Spain
Founded: 1857
Network: 8,135 branches present in 31 countries
Customers : 51 million customers worldwide
Chief Executive of Al-Baraka Banking Group Adnan Yousif stands next to their new logo as he poses for photographers during a ceremony held in the Bahriani capital of Manama June 3, 2009 Islamic Financial Institution
AlBaraka
Market Cap: $1.21 billion
Country: Bahrain
Founded: 2002
Network: AlBaraka Bank, is a member of the “Association of Banks in Lebanon” (ABL) holding number 109 on the List of Lebanon Banks since its inception in 1992. AlBaraka Bank is a member of AlBaraka Banking Group (ABG), an Islamic group of banks with a wide geographical presence, in the form of subsidiary units and representative offices. ABG is now considered the largest Islamic Banking Group in the region.
A man walks past the logo of ING Group NV at a branch office in Amsterdam January 9, 2014 Emerging Markets
ING
Market Cap: $57.52 billion
Country: Netherlands
Founded: 1991
Network: More than 40 countries in Europe , North America, Latin America, Asia and Australia
Customers: More than 33 million private, corporate and institutional customers
Frontier Markets
Standard Bank
Market Cap: $18.09 billion
Country: South Africa
Founded: 1862
Network: The group operates in 20 African countries, including South Africa, and 21 countries outside Africa. Standard Bank has 712 branches in South Africa and 239 in the rest of Africa.
A man enters Deutsche Bank headquarters in Frankfurt, Germany June 9, 2015 Asset Management For Corporates
Deutsche Asset & Wealth Management (part of Deutsche Bank)
Market Cap: $39.99 billion
Country: Germany
Founded: 1870
Network: Present in 40 countries and 135 cities. Part of the Deutsche Bank group (Active in over 70 countries, the Deutsche Bank Group has 2,800 branches, over 98,000 employees and more than 30 million clients.)
A BNY Mellon sign is seen on their headquarters in New York's financial district, January 19, 2011. Global Custody
BNY Mellon
Market Cap: $43.18 billion
Country: United States
Founded: 2007
Network: BNY Mellon operates in 35 countries in the Americas, Europe, the Middle East and Africa (EMEA) and Asia Pacific
Customers: BNY Mellon's clients include 80 per cent of Fortune 500 companies.
J.P Morgan offices in Canary Wharf Investment Bank
J.P. Morgan
Market Cap: $231.36 billion
Country: United States
Founded: 2000
Network: J.P. Morgan has operations in more than 60 countries
Customers: It serves 8,000 clients
Cash Management / Foreign Exchange / Subcustody
Citi
Market Cap: $155.76 billion
Country: United States
Founded: 1812
Network: Operate in more than 160 countries
Clients: Approximately 200 million client accounts globally
HSBC took immediate action as soon as the video emerged Trade Finance
HSBC
Market Cap: $140.87 billion
Country: UK
Founded: 1865
Network: Over 72 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America and 6,100 offices worldwide
Customers: Around 48 million customers through four Global Businesses
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments