Banks in Australia

AMP Limited – A financial services group providing banking, superannuation and retirement solutions in Australia and New Zealand, serving over one million customers and employing more than 2,300 people. AMP Bank held A$33.0 billion of total residents assets on its Australian books as at July 2026 (APRA).

ANZ (Australia and New Zealand Banking Group) – One of the largest financial services groups in Australia, New Zealand and Asia. It has more than 10 million customers in 34 countries across the world. The company’s market capitalization was A$87 billion as of October 2017.

BankSA, founded on March 11, 1848, is the largest bank in South Australia. In 2008 it became part of the Westpac Banking Group.

Bank of Queensland – One of the oldest financial institutions in Queensland with branches in every Australian state. Its retail deposits reached $26.6 billion in August 2015. The Bank provides retail banking, commercial banking and wealth management services.

Bankwest – A digital banking brand and division of Commonwealth Bank of Australia. Formerly the Bank of Western Australia, it was acquired by the Commonwealth Bank in October 2008 and no longer holds a separate banking licence; it does not appear on APRA's register of authorised deposit-taking institutions, and describes itself as a digital bank rather than a branch-based universal bank.

Bendigo and Adelaide Bank was created in 2007 through the merger of Bendigo Bank and Adelaide Bank. With assets under management of over $51 billion and market capitalization of over A$4.3 billion (April 2016), the company has a presence in all states and territories of Australia.

Citibank Australia – Citigroup’s former Australian consumer banking business, including its home lending portfolio, unsecured lending, retail deposits and private wealth management businesses, which was sold to National Australia Bank with completion on 1 June 2022. Citi retains an Australian presence through Citibank, N.A., which APRA lists as a branch of a foreign bank.

Commonwealth Bank – The largest bank in Australia by market capitalization. It has more than 1,100 local branches as well as operations in New Zealand, Europe and the Asia-Pacific region. The company is one of Australia's largest life insurers and managers in retail superannuation, allocated pensions and annuities. Commonwealth is also one of Australia's leading home loan providers with over 1 million home loan customers.

Deutsche Bank (Australia) – One of the top investment banks in Australia. It provides a wide range of investment banking and asset management services.

ING (formerly ING Direct) – The trading name of ING Bank (Australia) Limited and the largest lender in Australia outside the four major banks and Macquarie Bank. As at July 2026 it held A$90.9 billion of residents loans and finance leases and A$124.7 billion of total residents assets on its Australian books (APRA). ING describes itself as Australia’s fifth largest main financial institution by consumer market share.

Heritage Bank (formerly Heritage Building Society) – The largest member-owned bank in Australia. It has over 60 retail branches across Queensland and broker services in Queensland, New South Wales, Victoria, South Australia, Western Australia and Tasmania.

HSBC Bank Australia provides a full range of financial products and services through 37 branches and offices in New South Wales, Queensland, Victoria, Western Australia, South Australia and the Australian Capital Territory (ACT).

National Australia Bank – One of the four largest financial institutions in Australia by assets, market capitalization and number of customers. As of September 30, 2017, NAB had total assets of A$790 billion.

JP Morgan – A financial powerhouse with a history that spans 140 years in Australia. JP Morgan is one of the few full service investment banks in Australia. The Bank's offices are located in Sydney and Melbourne.

Judo Bank – An Australian bank that lends mainly to businesses. It has held an APRA authority to carry on banking business since 24 April 2019 and, as at July 2026, held A$20.3 billion of total residents assets and A$14.8 billion of residents loans and finance leases on its Australian books, of which A$13.1 billion was lending to non-financial businesses (APRA).

Macquarie Group – The largest investment bank in Australia, providing banking, financial, advisory, investment and funds management services. As of September 30, 2017, Macquarie had assets under management of A$472 billion.

Reserve Bank of Australia (RBA), established in 1960, is the central bank of Australia. 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 – One of Australia’s largest general insurers by gross written premium. It sold Suncorp Bank to ANZ, with completion on 31 July 2024, and no longer owns a bank. The company’s well-known brands are GIO, Vero, AAMI, Apia, Asteron Life, Bingle, Shannons, Resilium, and Terri Scheer.

Suncorp Bank – A regional bank servicing more than 1 million retail and business customers. It has been owned by ANZ since the acquisition completed on 31 July 2024, and operates as Norfina Limited, trading as Suncorp Bank under licence. It was named Bank of the Year 2015 by Money magazine.

Virgin Money Australia – an Australian financial services company owned by Bank of Queensland. The company serves over 150,000 customers.

Westpac Banking Corporation – One of the Big Four banks in Australia with the largest branch network comprising more than 1,400 offices. Westpac is winner of the Best Innovative Online Banking Service in Money Magazine's Best of the Best Innovation awards. As of April 26, 2018, it had a market capitalization of A$96 billion.

Top Banks in Australia, FY 2011–FY 2017

Total assets, AUD million, at each institution's financial year end.

* Bankwest is a division of Commonwealth Bank of Australia. Bank of Western Australia Ltd no longer holds a separate banking licence and does not appear on APRA's register of authorised deposit-taking institutions.
** Suncorp Group sold Suncorp Bank to ANZ, with completion on 31 July 2024, and is no longer a bank owner. The figures shown are Suncorp Group total assets, which included its insurance operations.

Largest Banks in Australia, 2026

Total residents assets on Australian books, AUD million, at 31 July 2026. Source: APRA monthly authorised deposit-taking institution statistics, released 31 August 2026. This measure covers Australian books only and is not comparable with the group total assets in the table above.