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Top-10 best banks in the world by Global Finance

The best consumer bank in the world is Spanish, the best corporate bank in the world is Japanese, and the best investment bank in the world is American. That is according to a new report by Global Finance Magazine, which lists the best global banks in 12 different categories.

Top-10 best banks in the world by Global Finance

Corporate Bank

Mitsubishi UFJ Financial (MUFG)

Mitsubishi UFJ Financial Group, Inc. Is a Japanese bank holding / financial services company headquartered in Chiyoda, Tokyo, Japan. MUFG holds assets of around US $ 2.459 trillion as of 2016, making it the world's fourth largest bank by the total assets of the Mitsubishi Group. It is Japan's largest financial group and the world's second largest bank holding company, holding around US $ 1.8 trillion (JPY 148 trillion) in deposits as of March 2011. [1] MUFG is the second largest public company in Japan when measured by market capitalization. The company was formed on October 1, 2005 with the merger of Tokyo-based Mitsubishi Tokyo Financial Group (MTFG), formerly Japan's second-largest banking conglomerate, and Osaka-based UFJ Holdings, which was Japan's fourth-largest banking group.

Top-10 best banks in the world by Global Finance

Consumer Bank

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)

The best bank for providing retail services and the best bank in Latin America is BBVA. It was formed from a merger of Banco Bilbao Vizcaya and Argentaria in 1999, and is the second largest bank in Spain. The company offers a full range of banking services to all categories of customers. Today the BBVA is also Mexico's largest financial institution. The company is included in the list of 15 largest commercial banks in the United States of America.

Top-10 best banks in the world by Global Finance

Islamic Financial Institution

AlBaraka

Al Baraka Banking Group is considered to be the best Islamic bank Al Baraka Banking Group was formed in 2002 in Manama, Bahrain. The company is listed on the Bahrain Stock Exchange and NASDAQ Dubai, the group offers retail, corporate and investment banking and treasury services in accordance with the principles of the Shari'a in 15 countries.

Top-10 best banks in the world by Global Finance

Emerging Markets

ING Group N.V. (ING)

The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services.

Top-10 best banks in the world by Global Finance

Frontier Markets

Standard Bank

The Standart Bank was recognized as the best bank in the border markets and on the territory of Africa. The bank now known as Standard Bank was formed in 1962 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. It is one of South Africa's largest financial services groups, operating in 20 countries across Africa and other key markets around the world.

Top-10 best banks in the world by Global Finance

Asset Management for Corporates

Deutsche Asset & Wealth Management (part of Deutsche Bank)

With EUR 723 billion of assets under management, Deutsche Asset Management is one of the world's leading investment management organizations. Deutsche Asset Management offers individuals and institutions traditional and alternative investments across all major asset classes. The company belongs to Deutsche Bank Group.

Top-10 best banks in the world by Global Finance

Global Custody

BNY Mellon

The Bank of New York Mellon Corporation, commonly referred to as BNY Mellon, is an American worldwide banking and financial services holding company headquartered in New York City. It was formed on July 1, 2007, as a result of the merger of The Bank of New York and Mellon Financial Corporation. BNY Mellon is the world's largest custodian bank with more than $30.5 trillion in assets in custody. It also has over $1.72 trillion in assets under management.

Top-10 best banks in the world by Global Finance

Cash Management

Citi

Citibank is the consumer division of financial services multinational Citigroup. Citibank provides credit cards, mortgages, personal loans, commercial loans, and lines of credit. Note that the brand was founded in 1998 as a result of the merger of Citicorp and the Travelers Group.

Top-10 best banks in the world by Global Finance

Investment Bank

J.P. Morgan Chase & Co.

JPMorgan Chase & Co. is a U.S. multinational banking and financial services holding company headquartered in New York City. It is the largest bank in the United States, the world's third largest bank by total assets, with total assets of roughly US$2.5 trillion, and the world's most valuable bank by market capitalization. It is a major provider of financial services, and according to Forbes magazine is the world's sixth largest public company based upon a composite ranking. The hedge fund unit of JPMorgan Chase is the second largest hedge fund in the United States. The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.

Top-10 best banks in the world by Global Finance

Trade Finance

HSBC

HSBC Holdings PLC is a British multinational banking and financial services holding company headquartered in London, United Kingdom. It is the world's second largest bank by total assets and the largest in Europe with total assets of US$2.374 trillion (as of December 2016). It was founded 150 years ago, in 1865. The company operates in 73 countries. Some sources believe that the bank can boast 125 million customers.

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