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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.
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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. 

National Australia Bank (NAB) and ANZ, meanwhile, swapped places in the regional table, with NAB overtaking ANZ to move into third position. And while NAB holds on to 55th place in the overall rankings, ANZ has slipped slightly, dropping two places to 56th position. 

State Bank of India holds on to fifth place in the region. Despite a 7.3% increase in Tier 1 capital, the bank slipped down two places in the overall ranking to 58th position. 

Further down the Top 1000 ranking, Judo Bank is a new entry for Australia. Founded in 2016, the small and medium-sized enterprise specialist lender has entered the overall rankings at 890th, thanks to a 108.5% increase in Tier 1 capital. It is also the highest mover in the Asia-Pacific category. 

South Korean banks have enjoyed a good year, taking seven spots in the regional top 25 table. KB Financial Group ranks highest of the South Korean institutions, maintaining seventh place for the sixth year running. Korea Development Bank and Shinhan Financial Group meanwhile swap places, taking eighth and ninth respectively. 

Although falling outside of the top 25 Asia-Pacific table, KakaoBank has placed second for highest movers in the region. The mobile-only bank, which was founded in 2016, saw its Tier 1 capital rise by 82.1%. This helped the bank to climb up the overall table, from 464th in 2021 to 317th spot today, and sees it placing 11th in the top 25 highest movers for Tier 1 capital globally. 

Asia-Pacific ex China and Japan top 25 ($m)

Country rank World rank Bank Country Tier 1
1 41 Commonwealth Bank Australia 53,266
2 49 Westpac Banking Corporation Australia 46,017
3 55 National Australia Bank Australia 43,937
4 56 ANZ Banking Group Australia 42,786
5 58 State Bank of India India 40,188
6 59 DBS Bank Singapore 38,252
7 62 KB Financial Group South Korea 35,653
8 63 Korea Development Bank South Korea 34,663
9 64 Shinhan Financial Group South Korea 34,077
10 65 HDFC Bank India 33,336
11 73 Hana Financial Group South Korea 27,798
12 74 United Overseas Bank Singapore 27,640
13 76 Oversea Chinese Banking Corporation Singapore 26,723
14 89 ICICI Bank India 22,781
15 94 Industrial Bank of Korea South Korea 22,018
16 96 Woori Financial Group South Korea 21,561
17 102 NongHyup Financial Group South Korea 18,746
18 104 Bank Rakyat Indonesia Indonesia 18,653
19 115 Maybank Malaysia 16,266
20 117 Axis Bank India 16,200
21 125 Macquarie Group Australia 14,696
22 133 Bank Central Asia Indonesia 13,744
23 134 Bank Mandiri Indonesia 13,739
24 135 Bangkok Bank Thailand 13,688
25 140 Kasikornbank Thailand 12,985

Asia-Pacific ex China and Japan highest movers

Country rank World rank Bank Country Tier 1 % ch. Tier 1 $M
1 890 Judo Bank Australia 108.5 755
2 317 KakaoBank South Korea 82.09 4,604
3 571 Asia Commercial Bank Vietnam 57.27 1,888
4 891 BRAC Bank Bangladesh 54.18 750
5 640 Saigon Hanoi Bank Vietnam 51.14 1,535
6 394 Vietnam Prosperity Bank Vietnam 48.36 3,386
7 365 Bank of Queensland Australia 43.76 3,635
8 104 Bank Rakyat Indonesia Indonesia 39.47 18,653
9 778 Vietnam International Bank Vietnam 35.67 1,052
10 921 SeABank Vietnam 30.36 694

Asia-Pacific ex China and Japan new entrants

World rank Bank Country Tier 1 capital
890 Judo Bank Australia 755
891 BRAC Bank Bangladesh 750
921 SeABank Vietnam 694
944 Sonali Bank Bangladesh 656
975 LienViet Post Bank Vietnam 602
994 Uzpromstroybank Uzbekistan 561
998 National Bank Bangladesh 557

Asia-Pacific ex China and Japan top five ROC

Country rank World rank Bank Country Return on capital (%)
1 829 Bank of South Pacific Papua New Guinea 33.98
2 538 Philippine National Bank Philippines 30.37
3 377 Halyk Bank Kazakhstan 30.00
4 801 HD Bank Vietnam 28.21
5 524 Military Bank Vietnam 26.84

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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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