Top 10 Banks in Australia

The Australia’s banking system is one of the world's most concentrated. It is dominated by four largest retail banks that hold a combined market share of over 80%. The Big Four Australian banks have total assets of approximately A$4.0 trillion. Australia and New Zealand Banking Group is the largest bank in the country with assets of over A$1.04 trillion. Commonwealth is the second largest bank in Australia by total assets and the largest by market capitalization. Below is a list of the top 10 banks in Australia.

Rank Bank Total assets, A$b Balance Sheet
 1 ANZ Banking Group 1,042.30 30.09.2020
2 Commonwealth Bank of Australia 1,014.06 30.06.2020
3 Westpac 913.332 30.09.2020
4 National Australia Bank 866.859 30.09.2020
5 Macquarie Group 230.735 30.09.2020
6 Suncorp Group 95.950 30.06.2020
7 Bendigo and Adelaide Bank 76.014 30.06.2020
8 ING Bank (Australia) 69.951 31.12.2019
9 Bank of Queensland 55.408 29.02.2020
10 HSBC Bank Australia 43.573 31.12.2019

Top Banks in Australia by Deposits

Listed below are the largest banks in Australia by domestic deposits. The five largest banks hold deposits of more than A$1.7 trillion.

Rank Bank Residents Deposits (A$b, May 2020)
1 Commonwealth Bank of Australia 546.113
2 Westpac Banking Corporation 454.685
3 Australia and New Zealand Banking Group 408.711
4 National Australia Bank 368.121
5 Macquarie Bank Limited 73.911
6 Bendigo and Adelaide Bank 53.890
7 ING Bank (Australia) Limited 46.575
8 Suncorp-Metway Limited 39.092
9 Bank of Queensland 34.685
10 HSBC Bank Australia 27.513
11 JPMorgan Chase Bank, N.A. 25.186
12 MUFG Bank, Ltd 21.677
13 Members Equity Bank Ltd 19.344
14 The Northern Trust Company 17.332
15 Bank of China (Australia) 14.034
16 Citibank, N.A. 12.950
17 Rabobank Australia 12.233
18 State Street Bank and Trust Company 9.405
19 AMP Bank Limited 9.383
20 Sumitomo Mitsui Banking 8.102