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Highest Debt Companies: The world’s leading companies are often discussed about their earnings and profits. But, do you know which companies have the highest debt? Many famous brands of the world are also included in this list.
You will be surprised to know that China’s name is ahead among the companies taking maximum loans. 5 Chinese companies are included in the top-10 loan taking companies. One company each from Canada and France is also included in this list. Apart from this, there are three American companies, one of which is loaded with the highest debt.
If we look at the list of companies with the highest debt, American company Fannie Mae is at the top in this matter. This company is burdened with a debt of 4.2 trillion dollars (about Rs 370 lakh crore). This company was started in the year 1938. Today its name is at the forefront of affordable housing and mortgage financing in America. This company has helped millions of Americans fulfill their dream of owning a home.
The name of another loan mortgage company of America, Freddie Mac i.e. Federal Home Loan Mortgage Corporation, also comes second among the companies taking the maximum loans. Both these companies have emerged strong after the financial crisis of 2008. It was only with the help of this company that it became easy for middle class people to buy houses in America. This company gives loans to banks at low interest, which also benefits the common man. The company is burdened with a debt of 3.39 trillion dollars (about Rs 350 lakh crore).
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The third company in terms of highest debt is also from America. JPMorgan Chase is burdened with a debt of $ 496 billion (about Rs 50 lakh crore). The name of this American company is taken among the largest banks of the world. This bank does both investment and asset management. Currently, banks of this company work in more than 100 countries of the world including India.
China’s Agricultural Bank of China comes fourth in this list of companies with the highest debt. This company is burdened with a debt of 494.86 billion dollars (about Rs 45 lakh crore). Agricultural Bank of China, one of the four largest banks in China, is a major multinational banking and financial services company based in Beijing, which was established in 1951. Its network is spread across the world and it provides services to all small and big companies.
The company with the fifth highest debt in the world is also from China. China Construction Bank is burdened with a debt of about 479.33 billion dollars (about Rs 42 lakh crore). This is a huge commercial bank of China, which has been providing its services since 1954. Its holding is with the Chinese government, which provides services as asset management and financial advisor along with corporate banking. In terms of assets and market capitalization, it comes among the top banks of the world.
French company BNP Paribas is also burdened with a huge debt of $ 473.67 billion (about Rs 40 lakh crore). It is a multinational financial services company, which provides banking, investment, asset management and retail financial services worldwide. It has a wide network in India including other countries of Europe, America and Asia. This company has created a distinct identity in India through Baroda BNP Paribas Mutual Fund.
China’s name once again appeared in the list of companies with the highest debt. The company ICBC here is burdened with a debt of 445 billion dollars (about Rs 40 lakh crore). ICBC, one of the largest industrial and commercial banks in China, is also used by organizations like the Indo-Canadian Business Chamber or the Insurance Corporation of British Columbia.
