China’s spectacular growth and Japan’s steady performance are the biggest stories to emerge from the Asia-Pacific region in recent years, but when these two markets are removed from the rankings, the regional growth of a number of players becomes apparent.
In Asia-Pacific excluding China and Japan, it is the Australian banks that dominate the rankings. The top four Australian banks – National Australia Bank (NAB), Commonwealth Bank, ANZ and Westpac – are clustered around the same point in the global rankings, in 38th, 41st, 42nd and 50th positions, respectively. And the difference in Tier 1 capital between them is not as wide as other markets; NAB has the highest figure with $32.35bn and Westpac the lowest with $26.51bn. These figures pale in comparison to the highest Chinese performer – ICBC – which has a Tier 1 capital of $140.03bn.
