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What Country Has the Most Banks?

Number of Banks (banks), 2021 or latest
Banking | July 20, 2022
$2.99
Excel Sheet

Based on a comparison of 154 countries in 2021, USA ranked the highest in number of banks with 4,200 banks followed by Russia and United Kingdom. On the other end of the scale was Lesotho with 4.00 banks, Comoros with 4.00 banks and Papua New Guinea with 4.00 banks.

Data for more countries are available at Number of Banks indicator page.

Number of Banks Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Brazil banks ... ... ... 123 122 121 119 118 ...
China banks ... ... ... ... ... 190 190 190 192 193 ...
France banks 269 276 258 259 259
Germany banks 271 263 263 267 259
Hong Kong banks ... ... ... 157 156 155 152 164
India banks ... ... ... 157 157 162 161 161 ...
Italy banks 278 270 249 237 229
Japan banks 117 117 117 117 116
Luxembourg banks 143 141 139 135 127 ...
Russia banks ... ... ... 681 575 517 440 402 ...
Singapore banks ... ... ... 123 126 127 131 132 ...
Spain banks 154 144 144 137 135 ...
Switzerland banks 266 261 253 248 246 ...
USA banks 5,304 5,080 4,886 4,686 4,488
United Kingdom banks 311 312 313 321 311 ...

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