Which of the following banks is the world’s largest bank by assets?
Which of the following banks is the world’s largest bank by assets?
[A]Bank of America
[B]Industrial & Commercial Bank of China (ICBC)
[C]BNP Paribas
[D]Bank of China
Industrial & Commercial Bank of China (ICBC)
The Industrial & Commercial Bank of China (ICBC) is the world’s largest bank by assets. It is one of the China’s ‘Big Four’ state-owned commercial banks. It was founded in 1984. Its present assets worth US$3616 billion. By market capitalization, it is the second largest in the world. The other three China’s state-owned commercial banks are the Bank of China, Agricultural Bank of China, and China Construction Bank.