Once again Australian banks have claimed the top spots in the Top 1000 World Banks rankings for Asia-Pacific (excluding China and Japan). Commonwealth Bank Group jumps into the top spot in the 2018 rankings, up from third for 2017, with $40.53bn in Tier 1 capital. Westpac Banking Corporation has come in second, up from fourth on the 2017 list, followed by ANZ Banking Group, which falls two places from first in last year’s ranking.
Singapore’s DBS Bank is the highest non-Australian bank in the 2018 ranking, moving up one place to take the fifth spot with $32.41bn in Tier 1 capital. Relative to global peers, the Asia-Pacific region’s banks have fallen slightly in the 2018 ranking. This year’s regional leader, Commonwealth Bank Group, comes in at 45th globally – down from a global ranking of 44th for ANZ Banking Group on the 2017 list.
