What Country Has the Most Banks?

Number of Banks (banks), 2018 or latest
Banking | January 24, 2020
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Excel Sheet

Based on a comparison of 157 countries in 2018, USA ranked the highest in number of banks with 4,686 banks followed by Russia and United Kingdom. On the other end of the scale was Central African Republic 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 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Brazil banks ... ... ... ... ... ... 129 124 122 123 122
China banks ... ... ... ... ... ... ... ... 203 204 192 190 190
France banks 278 280 269 269 276
Germany banks 273 277 276 271 263
Hong Kong banks ... ... ... ... ... ... 155 156 159 157 156
India banks ... ... ... ... ... ... 173 157 151 157 157
Italy banks 325 315 321 278 270
Japan banks 121 118 117 117 117
Luxembourg banks 142 147 148 143 141
Russia banks ... ... ... ... ... ... 897 859 783 681 575
Singapore banks ... ... ... ... ... ... 123 124 125 123 126
Spain banks 190 176 161 154 144
Switzerland banks 297 283 275 266 261
USA banks 6,026 5,807 5,568 5,304 5,080
United Kingdom banks 311 311 317 311 312