Across the Asia-Pacific (excluding China and Japan) region, the Australian banks have dominated again overall, taking the top four places in the regional ranking. The banks’ ranks in both the regional and the global tables is interesting, as it outlines how close the banks are in terms of the Tier 1 capital they hold. Commonwealth Bank, ANZ, Westpac, and National Australia Bank hold between $34bn and $39bn in Tier 1 capital, and because of this they take 49th, 52nd, 53rd and 55th places, respectively, in the Top 1000 World Banks 2020 ranking.
All four Australian banks, however, have dropped down the global table from their positions in 2019 as a result of a reduction in Tier 1 capital. The biggest declines were seen by Commonwealth Bank, with a fall of 5.37%, and Westpac, which fell 5.61%. The latter slipped to third place in regional ranking, while ANZ leapfrogged into second place.
