Nationalized banks are financial institutions that are owned by the government of a country. These banks are important for providing financial services to citizens and businesses, and they play a crucial role in a country's economy. In this article, we will discuss the top 20 nationalized banks in the world.
1) China Construction Bank
16) Banco de la Nación Argentina
19) Banca Nazionale del Lavoro
20) Industrial and Commercial Bank of China (ICBC)
Here more details are the top 20 nationalized banks in the world:
1) Industrial and Commercial Bank of China (ICBC)
Type: Commercial Bank
Industry: Banking and Finance
Key Person: Chen Siqing (Chairman and Executive Director)
Headquarters: Beijing, China
More Details: ICBC is the largest bank in the world by total assets and market capitalization. It was founded in 1984 and has a presence in over 40 countries.
2) China Construction Bank
Type: Commercial Bank
Industry: Banking and Finance
Key Person: Tian Guoli (Chairman)
Headquarters: Beijing, China
More Details: China Construction Bank is the second-largest bank in the world by market capitalization. It was founded in 1954 and has a presence in over 20 countries.
3) Agricultural Bank of China
Type: Commercial Bank
Industry: Banking and Finance
Key Person: Zhou Mubing (Chairman)
Headquarters: Beijing, China
More Details: Agricultural Bank of China is the third-largest bank in the world by total assets. It was founded in 1951 and has a presence in over 10 countries.
4) Bank of China
Type: Commercial Bank
Industry: Banking and Finance
Key Person: Liu Liange (Chairman)
Headquarters: Beijing, China
More Details: Bank of China is one of the oldest banks in China, founded in 1912. It has a presence in over 50 countries and is one of the largest foreign exchange banks in China.
5) Banco do Brasil
Type: Commercial Bank
Industry: Banking and Finance
Key Person: Fausto Ribeiro (President)
Headquarters: Brasília, Brazil
More Details: Banco do Brasil is the largest bank in Brazil and Latin America. It was founded in 1808 and has a presence in over 20 countries.
6) Banco Nacional de Mexico (Banamex)
Type: Commercial Bank
Industry: Banking and Finance
Key Person: Alberto Gómez Alcalá (CEO)
Headquarters: Mexico City, Mexico
More Details: Banamex is the second-largest bank in Mexico. It was founded in 1884 and has a presence in the United States, Europe, and Asia.
7) Sberbank
Type: Commercial Bank
Industry: Banking and Finance
Key Person: Herman Gref (CEO and Chairman)
Headquarters: Moscow, Russia
More Details: Sberbank is the largest bank in Russia and Eastern Europe. It was founded in 1841 and has a presence in over 20 countries.
8) State Bank of India
Type: Commercial Bank
Industry: Banking and Finance
Key Person: Dinesh Kumar Khara (Chairman)
Headquarters: Mumbai, India
More Details: State Bank of India is the largest bank in India and is government-owned. It was founded in 1806 and has a presence in over 30 countries.
9) Bank of India
Type: Commercial Bank
Industry: Banking and Finance
Key Person: Atanu Kumar Das (Managing Director and CEO)
Headquarters: Mumbai, India
More Details: Bank of India is a government-owned bank in India. It was founded in 1906 and has a presence in over 20 countries.
10) Bank Mandiri
Type: Commercial Bank
Industry: Banking and Finance
Key Person: Royke Tumilaar (President Director)
Headquarters: Jakarta, Indonesia
More details : Mandiri was established in 1998 and has since become one of the largest banks in Indonesia. It offers a wide range of banking products and services, including consumer banking, corporate banking, investment banking, and Islamic banking. The bank has a strong presence in Indonesia, with more than 2,400 branch offices and ATMs throughout the country. Its mission is to be the best and most trusted financial institution in Indonesia.
11) Banco de Chile
Type: Commercial Bank
Industry: Banking and Finance
Key Person: Ignacio Briones (Chairman)
Headquarters: Santiago, Chile
More Details: Banco de Chile is the largest bank in Chile. It was founded in 1893 and has a presence in South America and the United States.
12) BancoEstado
Type: Commercial Bank
Industry: Banking and Finance
Key Person: Arturo Tagle Quiroz (CEO)
Headquarters: Santiago, Chile
More Details: BancoEstado is a government-owned bank in Chile. It was founded in 1953 and has a presence in South America.
13) Banco de la Nación Argentina
Type: Commercial Bank
Industry: Banking and Finance
Key Person: Eduardo Hecker (President)
Headquarters: Buenos Aires, Argentina
More Details: Banco de la Nación Argentina is a government-owned bank in Argentina. It was founded in 1891 and has a presence in South America and Europe.
14) Banco do Estado do Rio Grande do Sul
Type: Commercial Bank
Industry: Banking and Finance
Key Person: Claudio Coutinho Mendes (CEO)
Headquarters: Porto Alegre, Brazil
More Details: Banco do Estado do Rio Grande do Sul is a government-owned bank in Brazil. It was founded in 1928 and has a presence in South America.
15) Banco de la República Oriental del Uruguay
Type: Central Bank
Industry: Banking and Finance
Key Person: Diego Labat (President)
Headquarters: Montevideo, Uruguay
More Details: Banco de la República Oriental del Uruguay is the central bank of Uruguay. It was founded in 1967 and is responsible for issuing currency and regulating monetary policy.
16) Banco Central de Chile
Type: Central Bank
Industry: Banking and Finance
Key Person: Mario Marcel Cullell (President)
Headquarters: Santiago, Chile
More Details: Banco Central de Chile is the central bank of Chile. It was founded in 1925 and is responsible for regulating monetary policy and issuing currency.
17) Banco de México
Type: Central Bank
Industry: Banking and Finance
Key Person: Alejandro Díaz de León (Governor)
Headquarters: Mexico City, Mexico
More Details: Banco de México is the central bank of Mexico. It was founded in 1925 and is responsible for regulating monetary policy and issuing currency.
18) Reserve Bank of India
Type: Central Bank
Industry: Banking and Finance
Key Person: Shaktikanta Das (Governor)
Headquarters: Mumbai, India
More Details: Reserve Bank of India is the central bank of India. It was founded in 1935 and is responsible for regulating monetary policy and issuing currency.
19) Banco Central do Brasil
Type: Central Bank
Industry: Banking and Finance
Key Person: Roberto Campos Neto (Governor)
Headquarters: Brasília, Brazil
More Details: Banco Central do Brasil is the central bank of Brazil. It was founded in 1964 and is responsible for regulating monetary policy and issuing currency.
20) Banque du Liban
Type: Central Bank
Industry: Banking and Finance
Key Person: Riad Salameh (Governor)
Headquarters: Beirut, Lebanon
More Details: Banque du Liban is the central bank of Lebanon. It was founded in 1963 and is responsible for regulating monetary policy and issuing currency.
| Rank | Bank Name | Assets (USD billions) | Headquarters |
|---|---|---|---|
| 1 | Industrial and Commercial Bank of China | 4,009.81 | Beijing, China |
| 2 | China Construction Bank | 3,397.24 | Beijing, China |
| 3 | Agricultural Bank of China | 3,236.37 | Beijing, China |
| 4 | Bank of China | 2,991.47 | Beijing, China |
| 5 | Mitsubishi UFJ Financial Group | 2,826.61 | Tokyo, Japan |
| 6 | JPMorgan Chase | 2,687.21 | New York, USA |
| 7 | HSBC Holdings | 2,675.51 | London, UK |
| 8 | Banco Santander | 2,590.32 | Madrid, Spain |
| 9 | Bank of America | 2,439.36 | Charlotte, USA |
| 10 | Bank Mandiri | 99.5 | Jakarta, Indonesia |
IThese are just a few examples, and there are many other nationalized banks around the world.
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