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$4.0 trillion. Below is a list of the top 10 banks in Australia.
| Rank | Bank | Total assets, A$b | Balance Sheet |
| 1 | Commonwealth Bank of Australia | 1,149.81 | 31.12.2021 |
| 2 | ANZ Banking Group | 978.857 | 30.09.2021 |
| 3 | Westpac | 935.877 | 30.09.2021 |
| 4 | National Australia Bank | 925.968 | 30.09.2021 |
| 5 | Macquarie Group | 348.567 | 30.09.2021 |
| 6 | Suncorp Group | 99.452 | 31.12.2021 |
| 7 | Bank of Queensland | 91.432 | 31.08.2021 |
| 8 | Bendigo and Adelaide Bank | 90.782 | 31.12.2021 |
| 9 | ING Bank (Australia) | 77.749 | 31.12.2021 |
| 10 | HSBC Bank Australia | 50.052 | 31.12.2021 |
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 |