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With the stellar growth of Australian lenders being brought to a check by higher capital requirements and slowing economy, The Banker ranks the top five local institutions. Australia’s banking sector is dominated by the ‘big four’ lenders – Commonwealth Bank Group, National Australia Bank, ANZ Banking Group and Westpac Banking Corporation – which hold nearly 90% of all banking assets in the country. The Banker's top five banks ranking shows that with $35.23bn Commonwealth Bank leads the group in terms of Tier 1 capital, while it ranks second in terms of total asset – first position by this measure belonging to the National Australia Bank, which holds $772.79bn-worth of assets. National Bank of Australia also holds the second highest amount of core capital, $34.78bn, followed by ANZ Banking Group and Westpac Banking Corporation, with $33.77bn and $30.62bn, respectively.
Macquarie, a smaller bank, places fifth with $6.31bn of Tier 1 capital.
The table was produced using The Banker Database, which provides comprehensive financial data, news feed and executive contact data for more than 5000 of the world's leading banks. For more in-depth information on the UK's banking system, and that of more than 190 other countries, visit www.thebankerdatabase.com.
