CommBank tops Asia-Pacific table

In the Asia-Pacific excluding China and Japan table, Australia has enjoyed another successful year, with South Korea also making a strong appearance. Kimberley Long reports.

by Kimberley Long

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Banks in Australia have enjoyed a successful year, not only topping the Asia-Pacific (excluding China and Japan) regional table, but also seeing several institutions climb in the overall Top 1000 ranking.

Commonwealth Bank (CommBank) remains the largest bank in the region for the fifth year in a row. The bank has moved up eight places in the overall Top 1000 ranking to 41st spot, thanks to a 22.6% increase in Tier 1 capital in 2021. This has also helped the bank to pull away from its domestic rivals. Westpac takes second place in the regional table. The 12.0% increase in Tier 1 capital was not enough to keep pace with CommBank, although Westpac did climb four places to 49th in the overall ranking.

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Kimberley Long

Kimberley Long is the Asia editor at The Banker. She joined from Euromoney, where she spent four years as transaction services editor. She has a BA in English Language and Literature from the University of Liverpool, and an MA in Print Journalism from the University of Sheffield. Between degrees she spent a year teaching English in Japan as part of the JET Programme.

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