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May 3, 2009

Financial institutions with highest revenues in world

Once again from the Forbes 2000 list(published on 8th April 2009), the biggest turnover companies in the Financial services domain are as follows:

Company Industry Sales ($bil)
1 ING Group Insurance 213.99
2 Fortis Diversified Fin. 164.37
3 AXA Group Insurance 156.95
4 HSBC Holdings Banking 142.05
5 Allianz Insurance 127.24
6 Deutsche Bank Diversified Fin. 124.78
7 Generali Group Insurance 118.39
8 Bank of America Banking 113.11
9 BNP Paribas Banking 107.96
10 Berkshire Hathaway Diversified Fin. 107.79
11 Crédit Agricole Banking 107.75
12 Citigroup Banking 106.66
13 JPMorgan Chase Banking 101.49
14 Société Générale
Banking 99.25

While the world's top three companies Royal Dutch Shell, ExxonMobil, and Wal-Mart have annual sales more than 400 billion dollars, the biggest financial institution, insurance major - ING Group generates about half the revenues. In the banking sector this is even lower with the biggest being HSBC holdings at 142 billion dollars.
For the complete list of 2000 companies, please visit Forbes.

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