Here is the list of Top 10 banks in the world. Banks are the most important organizations as they involve everyday transaction of millions of dollars. Starting from savings account for customers to loans to corporates, banks play an important role in the progress of economy. The ranking of the top 10 banks is based on their Total Assets figures in the last financial year. The rationale behind considering Total Assets rather than taking Total Profit is Net Profit doesn’t truly show the financial condition of a bank. Banks do daily transactions and the total assets actually show the amount a bank has for transaction purposes.
The British multinational banking and financial services company is headquartered in London. Founded in 1690, it is a global bank with operations in retail, wholesale and investment banking. It has operations in over 50 countries and the employee strength is 139,600. It provides service in Retail Banking, Commercial Banking, Corporate and Investment Banking, Investment Management, Credit Cards and Wealth Management. It also provides unsecured loans and general insurances as well as banking and money transmission services to small and medium sized businesses. The companies has different divisions such as Barclaycard, Barclays Investment Bank, Barclays Wealth. Sir David Walker is the Group Chairman, Antony Jenkins is the Group Chief Executive and Naguib Kheraj is the Vice-chairman of the bank. The company has around 48 million customers worldwide. It has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index.