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.Â
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.Â
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.Â
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.Â
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.Â
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.Â
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.Â
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 |