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Banks in Australia

ANZ Commonwealth Bank National Australia Bank Suncorp Westpac Bank
ANZ Commonwealth NAB Suncorp Westpac
  • AMP Limited – A leading wealth management company operating in Australia and New Zealand. It is also one of the region's largest investment managers. As of 31 December 2010, the company had total assets of $115 billion and assets under management of $89.3 billion.
  • ANZ (Australia and New Zealand Banking Group) – One of the largest financial services groups in Australia, New Zealand and Asia. It has more than 7 million customers in 32 counties across the world.
  • BankSA – Founded on March 11, 1848, BankSA is the largest bank in South Australia. In 2008, it became part of the Westpac Group.
  • Bank of Queensland – One of the oldest financial institutions in Queensland with branches in every Australian state. Its total assets reached $42.53 billion in 2011. The Bank is engaged in retail banking, commercial banking and wealth management. In 2010, BOQ acquired St. Andrew's Insurance, a leading manufacturer of consumer credit insurance products in the country.
  • Bankwest (Bank of Western Australia) – Bankwest is a universal bank with over 1 million retail customers. It was sold to the Commonwealth Bank in October 2008.
  • Bendigo and Adelaide Bank Group was created in 2007 through the merger of Bendigo Bank and Adelaide Bank. With assets under management of over $47.1 billion and market capitalisation of about $3.3 billion, the company has a presence in all states and territories of Australia.
  • Citibank Australia
  • Commonwealth Bank – The largest bank in Australia by market capitalisation. The company has more than 1,000 local branches as well as operations in New Zealand, Europe and the Asia-Pacific region.
  • Deutsche Bank (Australia)
  • Heritage Bank – The largest member-owned bank in Australia. Heritage operates primarily in Queensland and has over 130 retail outlets across Queensland and broker services in Queensland, New South Wales, Victoria, and South Australia.
  • National Australia Bank – An international financial services company providing a full range of financial products and services across 10 countries.
  • JP Morgan – A financial powerhouse with a history that spans 130 years in Australia. JP Morgan is one of the few full service and fully integrated investment banks in Australia. The bank's offices are located in Sydney and Melbourne.
  • Macquarie Group – The largest investment bank in Australia, providing banking, financial, advisory, investment and funds management services. With over 15,000 employees, it operates in more than 28 countries. Including the recent acquisition of Delaware Investments, Macquarie has assets under management of US$320 billion as of March 31, 2011.
  • Reserve Bank of Australia (RBA) – RBA is Australia’s central bank. It conducts monetary policy, works to maintain a strong financial system and issues the nation’s currency.
  • St. George Bank – A part of the Westpac Group.
  • Suncorp Group – The largest general insurance group and the fifth largest bank in Australia. Suncorp Bank services more than one million customers. Suncorp Group has 26 well-known brands, which includes GIO, Vero, AAMI, Apia, Asteron, Bingle and Shannons. It was formed in 1996 from the merger of Suncorp, Metway Bank and the Queensland Industry Development Corporation.
  • Westpac Banking Corporation – One of the Big Four banks in Australia with the largest branch network comprising more than 1,200 offices.

Top Banks in Australia by assets and deposits

The top 10 Australian banks based on assets and deposits as of June 2009 are listed below. The list was compiled with data from the “Monthly Banking Statistics” report released by the Australian Prudential Regulation Authority (APRA).

Rank Bank Assets (A$ million) Deposits (A$ million)
1 Commonwealth Bank of Australia 317,697 271,292
2 National Australia Bank (NAB) 247,782 185,241
3 Westpac Banking Corporation 247,386 210,051
4 Australia and New Zealand Banking Group (ANZ) 230,031 182,032
5 St.George Bank Limited 84,610 66,807
6 Bank of Western Australia Ltd 57,065 36,945
7 Suncorp-Metway Limited 47,979 30,476
8 ING Bank (Australia) 38,852 28,700
9 Bendigo and Adelaide Bank 29,378 30,205
10 Bank of Queensland 20,440 21,762