World's largest banks by asset value

Industrial & Commercial Bank of China tops the list

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Last Updated : Jul 17 2017 | 2:30 AM IST

Banks play a greater role as intermediaries in the global financial system. The largest banks are located in China, which is not surprising given that the Chinese economy continues to grow at a rate that is approximately three times the rate of growth in the US, which is the world’s largest economy. Here are the world’s largest banks by asset value:

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