The banking industry has a diverse, influential global presence, with top institutions holding trillions of dollars in asset valuations. As the ever-evolving finance landscape of the Asia-Pacific region, lenders often look out for trusted and recognised banks to keep their money secure and meet the expectations of diverse global market consumers. According to the latest insights, there are over 443 banks from 22 countries and territories in the Asia Pacific region, collectively holding over $75 trillion in assets. So, who are the largest banks in Asia by value? Stay with us in the blog to take on the list and grow your income and valuation.
Revealing the List of Biggest Banks in Asia (Value)
With the ever-growing economic landscape of Asia, there are more additions to the growing banks in the Asia-Pacific region. There is a sharp rise in technology, which is giving rise to digital banks or neobanks. Here, we are sharing the list of the largest banks in Asia by value that depict better results, boost manufacturing, and contribute to the overall economy. Follow the list here to reveal the list of top-performing banks in Asia:
10 – SCB (Siam Commercial Bank) X, Thailand
SCB X was established in 1904 in Thailand. The bank has over 287 branches, 27,000 employees, and 900 ATM machines. The SCB X is one of the first commercial banks in Thailand, and with over 100 years of operations, it played a vital role in providing the financial services needed in Thailand.
Total Valuation: $12,202 Million
9 – Kasikornbank, Thailand
One of the largest banks in Asia by value, Kasikornbank was first established by Choti Lamsam in 1945. It has been on the stock exchange since 1976. The bank has over 887 branches, 20,000 employees, and over 8,000 ATM machines.
Total Valuations: $14,126 Million
8 – Bangkok Bank, Thailand
Bangkok Bank was founded in 1944 by a famous Thai entrepreneur, Chin Sophonpanich. It is the biggest bank in Asia, with over 27,142 employees and over 1,000 branches in 15 countries. Bangkok Bank offers diverse services, including Internet, digital, mobile banking, and ATM services. The bank’s headquarter is located in Bangkok and operates across 15 countries.
Total Valuations: $14,256 Million
7 – Maybank, Malaysia
Maybank is the top bank on the list of largest banks in Asia by value. Founded in 1960 by Khoo Teck Puat, it is one of the recognised Malaysian universal banks that operate in Indonesia, Malaysia, and Singapore. With its consistent growth and expansion, this valuable bank has gathered over 22 million customers with 2600 branches.
Total Valuations: $16,180 Million
6 – Bank Mandiri, Indonesia
Bank Mandiri is a state-owned enterprise in Indonesia that offers a diverse range of financial services. It has over 138 branch offices and over 13,000 ATM machines worldwide, including branches in Hong Kong, Singapore, Dili, Shanghai, and the Cayman Islands. So, it ranks on the 6th position among the list of largest banks in Asia by value.
Total Valuations: $16,798 Million
5 – CIMB (Commerce International Merchant Bankers) Berhad, Malaysia
It is a leading ASEAN Asian bank for your personal and business requirements, and its headquarters is located in Kuala Lumpur. CIMB operates in high-growth economies of Southeast Asia with a wide retail branch network of 1000+ branches across the regions.
Total Valuations: $19.31 Billion
4 – Bank Rakyat, Indonesia
Bank Rakyat is a state-owned enterprise in Indonesia that provides diverse financial services. It is one of the largest banks in Asia by value, with 449 branch offices and 13,000 ATMs worldwide. It has expanded its network operation across the regions of Taiwan, Singapore, New York, Hong Kong, Fatuhada, Colmera, Hudilaran, and Audian. Post-independence, the government transformed this organisation and made it into a state bank known as Bank Rakyat Indonesia.
Total Valuations: $18,419 Million
3 – Overseas Chinese Banking Corporation (OCBC), Singapore
It is a renowned multinational finance service company that was first founded in Singapore in late 1932 by a famous and recognised Mr Lee Kong Chian. He merged three operating banks, Chinese Commercial Bank Limited, Ho Hong Bank Limited, and Oversea-Chinese Bank Limited, to form OCBC Bank. It has over 570 branches operating in 18 countries and is the biggest bank in Asia. Also, with high stakes and holdings, it is one of the largest banks in Asia by value.
Total Valuations: $29,523 Million
2 – United Overseas Bank, Singapore
The oldest and recognised as the largest banks in Asia by value, it was founded in Singapore in 1935 by Wee Kheng Chiang. United Overseas Bank is actively involved in the services of investment banks and financial services by setting up over 500+ offices across 19 different countries. Located in its headquarters in Singapore, this bank has over 68 branches.
Total Valuations: $30,172 Million
1 – DBS Bank, Singapore
DBS Bank is one of the largest banks in Asia by value and ranks as the top one on our list. It has over 250 branches operating across 50 countries and a workforce of 24,000 employees. Established in 1968 in Singapore, DBS Bank is the top multinational bank offering varied financial services. It is one of the safest banks in Asia, and it is a good choice for business, private, and consumer banking.
Total Valuation: $42,562 Million
Biggest Bank in Asia!!
Hit by the challenge of inflation and unstable growth in the stock market, global investors often consider the banking sector as a core area to invest in. So, here we shared with you the list of the largest banks in Asia by value that helps you to navigate through financial services. These banks continuously shape the global financial landscape with vast resources and extensive reach.
FAQs
How many total banks are operating in the world?
Around more than 16,000+ retail banks are operating across the globe.
Which bank ranks as the #1 in the world by valuation?
JP Morgan Chase is poised to become the world’s number one bank, with a valuation of $500 Billion.
Which enterprise is known to be the world’s richest bank?
The Industrial and Commercial Bank of China Limited is known to be the world’s richest bank.
What comes under core banking services?
Some of the core banking services include opening accounts, mortgage and loan services, wealth management, investment, credit and debit cards, and overdraft services.
What are the different categories of banks?
Several types of banks, including the categories of retail, commercial, and investment banking segments.
