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World’s Largest Bank-2009

April 11, 2009

According to Bankersalmanac.com which tracks the database of all the banks has ranked The Royal Bank of Scotland Group plc , Edinburgh , UK as the largest bank in the world.Last year Switherland’s UBS AG , Zürich based bank topped the list of the largest bank.But it is ranked in the 5th position this year probably due to recession:-)

The Royal of Scotland has currently an asset of  *3,782,880 US m$ and a local currency of 118.09%.It has total US capital of $5,035m.

The Royal Bank of Scotland Group (LSE: RBS) is a majority part-nationalised British banking and insurance holding company in which HM Treasury holds a 74% controlling shareholding, through the UK Financial Investments Limited. The group is based in Edinburgh, Scotland, and is the world’s largest company by assets.

bankIn the United Kingdom it includes The Royal Bank of Scotland Plc founded in 1727 by a Royal Charter of King George I and the National Westminster Bank, which can trace its lineage back to 1650, and Ulster Bank in Ireland.

RBS Group is the largest banking group in Scotland, and at its peak was the second largest in the UK and Europe (fifth in stock market value), and the fifth largest in the world by market capitalisation. According to Forbes Global 2000, it was the tenth largest company in the world.[5] Its shares have a primary listing on the London Stock Exchange. The registered head office of the group and the UK clearing bank are located at St Andrew Square. In 2005, Queen Elizabeth II opened the bank’s new head office building in Gogarburn, Edinburgh.

The RBS Group operates a wide variety of banking brands offering personal and business banking, private banking, insurance and corporate finance throughout its operations located in Europe, North America and Asia. In the UK and Republic of Ireland, the main subsidiary companies are: The Royal Bank of Scotland; National Westminster Bank; Ulster Bank; Drummonds and Coutts & Co. In the United States, it owns Citizens Financial Group, the 8th largest bank in the country. From 2004 to 2009 it was the second largest shareholder in the Bank of China, itself the world’s fifth largest bank by market capitalization in February 2008. Insurance companies include Churchill Insurance, Direct Line, Privilege, and NIG.

This is the top list of banks that has been rated by bankersalamanac.com considering various factors.

Current
Rank
Previous
Rank
BANK Assets
US$m
+ or –
(local curr)
Capital
US$m
Balance
Sheet
1 (1) The Royal Bank of Scotland Group plc , Edinburgh , UK *3,782,880 +118.09% 5,035.83 31.12.07
2 (2) Deutsche Bank AG , Frankfurt am Main , Germany *2,953,727 +27.51% 1,985.38 31.12.07
3 (3) BNP Paribas SA , Paris , France *2,477,272 +17.64% 19,695.91 31.12.07
4 (4) Barclays PLC , London , UK *2,442,996 +23.13% 3,286.23 31.12.07
5 (5) Crédit Agricole SA , Paris , France *2,067,577 +12.19% 31,480.99 31.12.07
6 (6) UBS AG , Zürich , Switzerland *2,007,224 -3.14% 182.83 31.12.07
7 (7) Société Générale , Paris La Défense , France *1,566,904 +12.01% 852.34 31.12.07
8 (8) ABN AMRO Holding NV , Amsterdam , Netherlands *1,498,849 +3.86% 1,586.26 31.12.07
9 (9) UniCredit SpA , Milan , Italy *1,493,799 +24.11% 9,770.00 31.12.07
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