International banks continue to grow their assets as the world economy expands. If no major economy falters, the expansion may continue. While there is some debate about whether China’s economy is bigger than that of the United States, there is no questioning which nation is home to the largest banks. The power in banking is unquestionably shifting eastward to China. Out of the top 10 largest banks by assets, only two are American banks. They rank number six and nine. The leading banks by far are Chinese banks. China holds the top four slots in the top 10.

Japan and France are also represented, and England has the No. 5 bank. In short, only five countries are represented on the list of top 10 banks in the world. This concentration of financial activity does not necessarily represent a concentration of wealth. All of the banks on our top 10 list do international business, so wealth from countries with smaller banks is flowing through the top 10 players.

We have listed the world’s banks from largest to smallest and indicated the dollar value of their assets. All figures are current as of April 23, 2017.

1. Industrial & Commercial Bank of China

This is the largest bank in the world when measured by assets. It has $3.62 trillion in total assets. The bank’s revenues come in at $134.8 billion. Measured by revenues, this is the fourth largest bank in the world.

Though this is a commercial bank, it is state-owned. The bank provides loans, financing for businesses, credit cards, as well as money management for high-net-worth individuals and companies. The bank also offers money market vehicles, investing opportunities and exchange and transfer services.

2. China Construction Bank Corp.

This is the second Chinese bank on our top 10 list. It offers corporate banking, which deals with credit, company e-banking, credit lines, and commercial loans. The personal banking segment offers personal loans, credit cards, deposits and wealth management for individual investors.

The bank also operates a Treasury sector that deals with money markets, debt securities, and currencies. The China Construction Bank has assets of $2.94 trillion.

3. Agricultural Bank of China

This Beijing bank has branches across China, plus London, Tokyo, New York and Sydney, Australia. Not only is it the third-largest bank on our list, but it is also one of the 10 largest companies in the world. Agricultural Bank of China is state-owned.

The bank deals with small farmers and large agricultural wholesale companies. It also works with non-agricultural companies. Its largest growth segment is mid-sized companies. The bank has assets of $2.82 trillion.

4. Bank of China

The Bank of China offers investment banking, insurance and investing services. It also provides personal loans, credit card services, debit cards, mortgages, asset and liability management, and insurance. Assets total $2.63 trillion.

5. HSBC Holdings (HSBC)

This is a bank based in England. The bank has offices in 80 countries and has 1,800 locations in the U.K. It provides private banking and consumer finance, along with corporate banking and investment services. HSBC has $2.57 trillion in assets.

6. JPMorgan Chase & Co. (JPM)

This is the first bank on the list that is based in the United States. It is based in New York, but it is a multinational bank.

Though it is ranked sixth-largest in the world, it is the largest bank in the United States. It is involved in investment services, asset management, wealth management, and securities. Assets total $2.45 trillion.

7. BNP Paribas

This French bank has assets of $2.4 trillion. It has offices in 75 countries, including the United States. This bank was ranked second among banks in the euro zone in 2016.

8. Mitsubishi UFJ Financial Group

This is a Japanese bank that offers consumer banking, as well as business and private banking. This is also an investment bank. It offers asset management and real estate banking. Mitsubishi UFJ Financial Group has assets worth $2.459 trillion.

9. Bank of America (BAC)

Bank of America is a U.S. bank that offers services for personal banking, small businesses, mid-sized businesses, and large corporations. It offers investment services in addition to its deposit and checking accounts. The bank has nearly 5,000 retail outlets, with assets topping $2.15 trillion.

10. Credit Agricole Group

This is the second French bank on the list. It has assets of $1.91 trillion. This bank has a history of working with farmers. It is part of a network of 39 French banks.