Australia’s banks recorded a good year of Tier 1 capital growth, helping them to retain their positions at the top of the Asia-Pacific, excluding China and Japan, regional table. Commonwealth Bank (CommBank) held firm in first place, where it has been since 2018, chalking up a 9.8% increase in Tier 1 capital.
The top four Australian banks have also kept almost the exact same places in the Top 1000 as last year, with CommBank in 49th position, while Westpac, ANZ Banking Group and National Bank of Australia hold the consecutive 53rd, 54th and 55th spots, respectively. The only change this year is that ANZ dropped two places.