A great competition has been established between the banking sectors over the past few years. They are being established in almost every city of every country not only to secure the money but also as a world’s largest business. Different banks offer several security return benefits to their clients. The biggest and great banks built their branches in almost every city of the nation which means that these have great reputation among the people.
Many people do not know that how a bank can be the best of the lot while arranging this article, I tried to clear this confusion also. In recent times the banks were chosen only for the safety of money but today the concept has been changed and the banks are chosen by the people due to their level of customer care. The great competition in the market has urged the banks to provide the best packages to their customers. Following is the list of top 10 best banks of the world in 2014 which is based upon the level of customer’s satisfaction, the security of their money and the other parameters. The most importance factor in this ranking is the confidence of people on these banks.
10. Japan Post Bank Co. Ltd, Tokyo, Japan
A large number of businessmen live in Japan hence a great banking system is very much necessary for them in this country. Japan Post Bank is one of the oldest banks of this country which was established in 1969. This bank offers a great safety and insurance policy to their customer that’s why a large amount of worth $2,320,244 has been deposited in it. It is the second best bank in Japan for 2014.
9. The Royal Bank of Scotland, UK
Royal Bank has its main office in Scotland due to which it operates its main services and customer service in Scotland where it has about 650 branches. Its Branch in Edinburgh city of United Kingdom represents this world’s best bank. Regarding popularity, there is confusion and this bank is often related with the Bank of Scotland which is false. According to the latest balance sheet, The Royal bank has total assets of $1,826.18 billion.
8. Caisse des depots et consignations, France
The banking and finance system is developing day-by-day in France due to which the customers from all around the globe are being attracted by them for their improving policies and benefits. This progress also put a negative effect on the other departments such as domestic growth. Caisse des depots et consignations bank is the 8th best bank of the world which is serving thousands of people every day.
7. HSBC Holdings, UK
HSBC Holdings is a British bank having it’s headquarter in London. Stuart Gulliver is the Chief Executive of this bank which was founded in 1865 by Thomas Sutherland. According to the latest balance sheet this bank has the total assets of $2,723.36 billion. HSBS is very much popular in Asia too due to its better investment policies.
6. Barclays PLC, UK
Barclays Bank has achieved a great and unique status during the last couple of years due to its effective investment activities. The bank has total assets of almost $2,271.47 billion from which the local currency is 4.76%. This bank offers great beneficial policies to the middle class people also. The local people trust blindly on Barclays Bank. It is the 6th best bank that you can choose in 2014.
5. Bank of America, USA
Bank of America is one of the largest banks of the world by considering the capitalization of the market. One can find this bank in almost 120 countries of the globe. It is not a new name to you and almost everybody have surely listen the name of this bank. Bank of America always takes great care of the public accounts offering various kinds of flexible and attractive packages to the middle class communities as well as the big investors. It has given a very much tough time to all the banks in this list for being the best one.
4. Mitsubishi UFJ Financial Group, Japan
Having more than $2.5 trillion assets, Mitsubishi Bank is the 4th best bank in the world in the year 2014. This bank has it’s headquarter in Tokyo, Japan which is the second Japanese bank in this list. It was founded in 2001 and became the 5th largest bank within a short period of time comparing to other banks considering the assets. It is also the third most secure bank of the year 2014.
3. BNP Paribas SA, Paris, France
BNP Paribas got and maintained a great reputation in the banking sector due to the deposition of valuable assets of billionaires of mostly France. Many people know this bank by The Bank of Paris. It has successfully maintained its status among the best and top banks of the world by securing the accounts of the people. It is one of the top 20 largest companies on the world level according Forbes. It has successfully tackled with the economic crisis.
2. Deutsche Bank AG, Germany
Deutsche Bank has become the second best bank of the world in the year 2014 as it provides and offers flexible and risk free packages to the investors. It has maintained its reputation as one of the best banks of the world since its creation in 1870. Deutsche Bank has $2,412.95 billion of assets according to the latest balance sheet. It has most of the local currency which is the proof of its trustfulness.
1. Industrial & Commercial Bank of China (ICBC)
This bank lies in the world’s largest growing economic power. It has gained the maximum popularity among the banks of the whole world regarding the security of the bank accounts. It was founded in 1984 with its headquarters in Beijing. It is also the largest bank of the world with respect to the assets which are $3,067.57 billion. One of the best aspects about Industrial & Commercial Bank of China is that it accepts almost all the currencies of the world. It is the best bank of the world in 2014.