Top 10 Banks in Australia

The Australia’s banking system is one of the safest in the world. It is dominated by four large retail banks that hold a combined market share of over 80%. Commonwealth is the largest bank in Australia by assets and market capitalization. ANZ Banking Group is the second largest Australian bank in terms of total assets. The Big Four Australian banks have total assets of approximately A$3.8 trillion. Below is a list of the top 10 banks in Australia.

Rank Bank Total assets, A$b Balance Sheet
1 Commonwealth Bank of Australia 1,057.73 31.12.2020
2 ANZ Banking Group 1,018.34 31.03.2021
3 Westpac 889.459 31.03.2021
4 National Australia Bank 871.573 31.03.2021
5 Macquarie Group 245.653 31.03.2021
6 Suncorp Group 94.884 31.12.2020
7 Bendigo and Adelaide Bank 80.765 31.12.2020
8 ING Bank (Australia) 73.045 31.12.2020
9 Bank of Queensland 57.637 28.02.2021
10 HSBC Bank Australia 47.036 31.12.2020

Top Banks by Market Cap

Rank Bank Market capitalizaion, A$B (May 14, 2021)
1 Commonwealth Bank of Australia 171.3 B
2 Westpac 93.2 B
3 National Australia Bank 86.5 B
4 ANZ Banking Group 78.0 B
5 Macquarie Group 57.3 B
6 Suncorp Group 13.2 B
7 Bank of Queensland 5.7 B
8 Bendigo and Adelaide Bank 5.6 B

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