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Industrial and Commercial Bank of China, the world’s largest bank by total assets. This list is based on the April 2024 S&P Global Market Intelligence report of the 100 largest banks in the world. The ranking was based upon assets as reported and was not adjusted for different accounting treatments. [1]
Some of the larger banks had or have opened offices in nearby countries such as China, the US, or the UK., but the number of these has declined since the 1990s. Examples of them include: Bank of Yokohama - the largest regional bank in Japan and the core arm of Concordia Financial Group. Hachijuni Bank in Nagano City. Bank of Kyoto in Kyoto.
In 1971, Dai-ichi Bank and Nippon Kangyo Bank merged to form DKB, which instantly surpassed longtime leader the Fuji Bank as the largest Japanese bank measured by assets and deposit market share. DKB formed the core of the DKB Group (or Dai-Ichi Kangyo Group), the largest Japanese keiretsu in terms of the number of associated companies, and ...
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Mitsubishi Bank and the Bank of Tokyo merged in 1996 to form the Bank of Tokyo-Mitsubishi, which at that point was the world's largest bank in terms of total assets. [10] The Bank of Tokyo had historically focused on foreign exchange business since its foundation as the Yokohama Specie Bank in 1880, while Mitsubishi Bank had had a stronger focus on domestic corporate and retail banking.
Chiba Bank is the third-largest of Japan's 64 regional banking groups in terms of total assets. As of March 2008, it had total assets of ¥9.8 trillion and a loan portfolio topping ¥6.6 trillion, which also made it one of the world's 200 largest banks. The bank is one of the few banks that discloses net interest margins (NIM) on their lending. [7]
Lloyds Bank California's 88 branches and $3 billion in assets was divested to Japanese-owned Golden State Sanwa Bank for a $263 million cash consideration in 1986, to form Sanwa Bank California. [12] Sanwa Bank KK had established an agency in California in 1953 and a subsidiary in 1972.
The Bank of Tokyo established the Bank of Tokyo California in 1953 in San Francisco. In 1975, Bank of Tokyo California purchased San Diego's Southern California First National Bank, shortening its name to California First. Four years later Bank of Tokyo California, via California First, took over Union Bank and adopted its name.