Total assets of a bank is the sum total of all the long term and current assets owned by the bank. The total assets of any bank are a measure of its capability to meet its liabilities in the normal course of business, and also when the bank ceases to be a going concern.
Long term assets for banks include assets like land and building of the bank premises (whether owned or on lease), office equipment, office furniture, and other fixed assets. Current assets comprise of proprietary cash, time deposits, receivables and accruals, proprietary investments etc. It is to be noted that customer deposits held by the bank are a part of a bank’s total liabilities.