Top 10 Banks in Australia | Names: Australian banking plays a major role in the country’s financial system. Apart from traditional banking services, banks also provide business banking, trading in financial markets, stock broking, insurance, and funds management. There are several Australian banks that are owned by the government. This is the list of top finance companies in Australia that will be a helpful guide.
Top 10 Banks in Australia
| S. No | Bank Name | Net Worth |
| 1 | Commonwealth Bank | $102.44 billion |
| 2 | Australia and New Zealand Banking Group | A$978.9 billion |
| 3 | National Australian Bank | A$2.559 billion |
| 4 | Westpac Bank | A$ 6.78 billion |
| 5 | Bank of Queensland | A$ 1050 million |
| 6 | Macquarie Bank | A$ 3.015 billion |
| 7 | Bendigo Bank | A$ 376.8 million |
| 8 | AMP Bank | A$ 972 million |
| 9 | Suncorp Bank | A$ 1.075 billion |
| 10 | Bankwest | A$ 752 million |
Top 10 Banks in Australia
Commonwealth Bank
Commonwealth Bank is a multinational bank situated across New Zealand, Fiji, Asia, the US, and the UK. The bank is started in the year 1911, the bank is headquartered in Sydney. The bank has around 51800 staff and operates more than 11000 branches. It provides retail banking, business, institutional banking, commercial and private banking, and wealth management products and services to its customers.
Australia and New Zealand Banking Group (ANZ)
Australia and New Zealand Banking are one of the largest Australian banks founded in the year 1835. The bank provides banking and financial products and services to retail, high net worth, small business, corporate, commercial, and institutional customers. The bank operates markets across the US, Europe, Australia, New Zealand, the Asia Pacific region, and the Middle East.
National Australian Bank (NAB)
NAB is formed by the merger of the National bank of Australia and the commercial banking company of Sydney in the year 1982. It the headquartered in Docklands and operates through banking centers and is present in New Zealand, the US, Asia, and Europe. NAB employs more than forty thousand staff and serves around 9 million customers around the world.
Westpac Bank
Westpac Bank was established in the year 1817 as the bank of New South Wales. In the year 1982, it became a Westpac banking corporation when BNSW merged with a commercial bank in Australia. The headquartered is located in Sydney. It provides banking products and financial services through five sectors.
- Consumer bank
- Business bank
- BT financial group
- Westpac institutional bank
- Westpac New Zealand
Bank of Queensland
Bank of Queensland is founded in the year 1874 and is one of the oldest banks in Australia. The headquartered is located in Queensland, and it offers retail banking services. The bank employs more than 50 thousand individuals and operates 200 branches across Australia.
Macquarie Bank
Macquarie bank is the biggest finance bank in Australia. The bank is started in the year 1969 and is headquartered in Sydney. Macquarie bank employs more than thirteen thousand staff. The bank offers several services like
- Asset management and finance
- Banking
- Advisory
- Risk
- Capital solutions through debt
- Equity
- Commodities markets.
Bendigo Bank
Bendigo bank was formed by the merger of Bendigo bank and Adelaide bank in the year 2007. The bank is one of the largest retail banks in Australia with approximately more than seven thousand employees. Headquartered in Bendigo and it operates in Adelaide and South Australia. The bank maintains regional offices in Docklands, Melbourne, and Ipswich, Queensland.
AMP Bank
AMP bank was founded in the year 1988 and provides retail banking services. Headquartered in Sydney, the bank employs around 7000 staff. AMP bank provides a wide range of services, including deposits, residential mortgages, self-managed fund products, practice finance loans, as well as transaction banking services. AMP bank serves over five million retail customers and more than four hundred institutional clients across Australia and New Zealand.
Suncorp Bank
Suncorp bank offers general insurance, banking, life insurance, and wealth management services in Australia and New Zealand. It was founded in the year 1902 and the bank is based in Brisbane. Suncorp bank employs around fifteen thousand individuals and serves nine million customers in Australia and New Zealand.
Bankwest
Bankwest was founded in the year 1895 as a rural lender to support the state’s farming industries. In the year 1945, the agricultural bank became a fully-fledged trading bank. Depending on Perth, the bank also maintains offices in Adelaide, Brisbane, Canberra, Melbourne, and Sydney. Bankwest specializes in
- Personal Banking
- Business Banking
- Commercial banking
- Corporate and private banking
- Trade finance
- Agri-business finance
- Credit cards
- Other financial services
Endnote: If any queries regarding the post on the top 10 banks in Australia comment here and keep on visiting this site for more updates.