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%. ANZ Banking Group is the largest bank in the country in terms of total assets. Commonwealth is the second largest Australian bank by assets and the largest by market capitalization. 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 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 by Market Cap

Rank Bank Market capitalizaion, A$B (February 24, 2021)
1 Commonwealth Bank of Australia 146.860
2 Westpac 88.230
3 National Australia Bank 82.210
4 ANZ Banking Group 75.777
5 Macquarie Group 52.851
6 Suncorp Group 12.921
7 Bendigo and Adelaide Bank 5.273
8 Bank of Queensland 4.389

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