Total assets is a common measure for a bank's prosperity, and is defined as all assets owned by the bank. Their assets are also tied up in physical properties such as buildings, equipment, and furniture. A bank’s assets consist of various kinds of loans and marketable securities as well as base money reserves. Where banking is concerned, assets come from a broad range of areas. Tangible assets include anything that is physical, and can include vehicles, precious metals, currencies and real estate. An asset is anything with economic value that an individual, organization or country is able to control in the expectation that it will provide future benefit. The following three largest banks that year were also Chinese: China Construction Bank, Agricultural bank of China, and Bank of China.Īn asset is an economic resource that can take a number of different forms. The bank's total assets reached approximately 5.74 trillion U.S. The largest bank in the world based on total assets in 2022 was the Industrial and Commercial Bank of China (ICBC).
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