Top 10 Biggest Banks In Australia

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The Australian banking system is critical to the country's financial system. Banks include commercial banking, financial market trading, stockbroking, ... read more...

  1. The Commonwealth Bank of Australia (CBA), sometimes known as CommBank, is a global Australian bank with operations in New Zealand, Asia, the United States, and the United Kingdom. It offers retail, commercial, and institutional banking, as well as fund management, superannuation, insurance, investment, and brokerage services.


    As of August 2015, the Commonwealth Bank was the largest Australian firm listed on the Australian Securities Exchange, including names such as Bankwest, Colonial First State Investments, ASB Bank (New Zealand), Commonwealth Securities (CommSec), and Commonwealth Insurance (CommInsure).


    The Commonwealth Bank, founded by the Australian government in 1911 and completely privatized in 1996, is one of the "big four" Australian banks, along with the National Australia Bank (NAB), ANZ, and Westpac. The bank is based in Sydney. The Commonwealth Bank employs over 51,800 people and maintains over 11,000 branches. It is Australia's largest bank, offering a diverse variety of financial products and services to its 16.6 million customers.


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    Market cap: 117.0B

    Website: https://www.commbank.com.au/

    Facebook: https://www.facebook.com/commonwealthbank

    The Commonwealth Bank of Australia (CBA) (Photo: https://bohatala.com/)
    The Commonwealth Bank of Australia (CBA) (Photo: https://bohatala.com/)
    The Commonwealth Bank of Australia (CBA) (Photo: https://www.arnnet.com.au/)
    The Commonwealth Bank of Australia (CBA) (Photo: https://www.arnnet.com.au/)

  2. Westpac is Australia's earliest and oldest bank, one of four main financial organizations in Australia, and one of New Zealand's largest banks. Through a portfolio of financial services brands and companies, Westpac offers a wide variety of consumer, business, and institutional banking and wealth management services.


    Westpac Bank was founded in 1817 as the Bank of New South Wales, thanks to a license granted by Governor Lachlan Macquarie. Following the purchase of the Commercial Bank of Australia in 1982, it changed its name to Westpac Banking Corporation.


    Westpac operates five divisions that provide banking products and financial services: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. The bank employs around 32,620 people. The bank has 13 million clients and is headquartered in Sydney.


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    Market cap: 94.7B

    Website:

    • https://www.westpac.com.au/
    • https://www.westpac.co.nz/

    Facebook: https://www.facebook.com/Westpac

    Westpac (Photo: https://www.reuters.com/)
    Westpac (Photo: https://www.reuters.com/)
    Westpac (Photo: https://australia247.info/)
    Westpac (Photo: https://australia247.info/)
  3. National Bank of Australasia and the Commercial Banking Company of Sydney as National Commercial Banking Corporation of Australia Limited. The resultant corporation was named National Australia Bank Limited. National Australia Bank is one of Australia's four major financial organizations (named "The Big Four") in terms of market capitalization, earnings, and clients.


    National Australian Bank (NAB) operated 3,500 Bank@Post outlets, including 7,000+ ATMs, in Australia, New Zealand, and Asia as of January 2019. Both individuals and corporations can use the bank's products and services.


    National Australian Bank (NAB), headquartered in Docklands, operates 820 banking locations throughout New Zealand, the United States, Asia, and Europe. NAB now employs over 35,063 people and services approximately 8 million customers worldwide.


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    Market cap: 91.1B

    Website: https://www.nab.com.au/

    Facebook: https://www.facebook.com/NAB

    National Australian Bank (NAB) (Photo: https://www.theguardian.com/)
    National Australian Bank (NAB) (Photo: https://www.theguardian.com/)
    National Australian Bank (NAB) (Photo: https://australia247.info/)
    National Australian Bank (NAB) (Photo: https://australia247.info/)
  4. Australia and New Zealand Banking Group Limited (ANZ) is a Melbourne-based global banking and financial services corporation. Along with the Commonwealth Bank, National Australia Bank (NAB), and Westpac, ANZ is one of Australia's four major banks.


    Its today's business structure was formed on October 1, 1970, when Australia and New Zealand (ANZ) Bank combined with the English, Scottish, and Australian Bank (ES&A).


    ANZ Bank offers a wide range of banking and financial products and services to individual, high-net-worth, small companies, corporate, commercial, and institutional clients. Wealth Australia is made up of the Insurance and Funds Management business groups, which provide insurance, investment, and superannuation products. The bank has 34 markets in the United States, Europe, Australia, New Zealand, the Asia-Pacific area, and the Middle East.


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    Market cap: 81.1B

    Website: https://www.anz.com.au/

    Facebook: https://www.facebook.com/ANZAustralia/

    Australia and New Zealand Banking Group (ANZ) (Photo: https://www.sharecafe.com.au/)
    Australia and New Zealand Banking Group (ANZ) (Photo: https://www.sharecafe.com.au/)
    Australia and New Zealand Banking Group (ANZ) (Photo: https://www.businessinsider.com.au/)
    Australia and New Zealand Banking Group (ANZ) (Photo: https://www.businessinsider.com.au/)
  5. Macquarie Group is a worldwide independent investment bank and financial services corporation headquartered in Australia. Macquarie employs over 15,000 people throughout 31 markets. It is the world's biggest infrastructure asset manager as well as Australia's top mergers and acquisitions adviser.


    The following are the operating divisions of Macquarie Group:

    • Banking and Financial Services: Includes Macquarie's retail banking activities, which include personal banking, wealth management, and business banking products and services to over 1 million customers.
    • Commodities and Global Markets: Conducts research on over 2,300 stocks and market trading on behalf of customers in over 160 products such as equities, derivatives, fixed income, foreign exchange, and commodities.
    • Macquarie Asset Management: The world's largest infrastructure asset manager and a top 50 global asset manager, with over $A495 billion in assets under management on behalf of superannuation funds and other institutional investors.
    • Macquarie Capital: Provides growth advice to firms, obtains investment capital, negotiates transactions, and lists companies on the stock exchange, as well as investing alongside clients.


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    Market cap: 60.3B

    Website: https://www.macquarie.com/

    Facebook: https://www.facebook.com/MacquarieGroup/

    Macquarie Group (Photo: https://themarketherald.com.au/)
    Macquarie Group (Photo: https://themarketherald.com.au/)
    Macquarie Group (Photo: https://www.bloomberg.com/)
    Macquarie Group (Photo: https://www.bloomberg.com/)
  6. Suncorp Group Limited is a financial, insurance, and banking firm headquartered in Brisbane, Queensland, Australia. It is a mid-sized bank in Australia that was founded in 1902. Suncorp has been building futures and preserving what matters since 1902. Through some of Australia's and New Zealand's most well-known financial companies, the bank provides insurance, banking, and wealth products and services.


    Suncorp, Metway Bank, and the Queensland Industry Development Corporation merged to become the country's largest general insurance business on December 1, 1996. Suncorp Group manages some of the most well-known financial services brands in Australia and New Zealand via three divisions: Banking and Wealth, Insurance Australia, and Suncorp New Zealand.


    Nowadays, Suncorp is still one of Australia's leading financial services companies, with a network of businesses that serve millions of consumers. With over 13,000 people in Australia and New Zealand, the Group is a Top 50 ASX-listed corporation.


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    Market cap: 15.8B

    Website: https://www.suncorpgroup.com.au/

    Facebook: https://www.facebook.com/suncorpAUNZ/

    Suncorp Group (Photo: https://www.suncorpgroup.com.au/)
    Suncorp Group (Photo: https://www.suncorpgroup.com.au/)
    Suncorp Group (Photo: https://www.suncorpgroup.com.au/)
    Suncorp Group (Photo: https://www.suncorpgroup.com.au/)
  7. The Bank of Queensland (BOQ) is an Australian retail bank based in Brisbane, Queensland. The bank, which began as a building society, is one of Queensland's oldest financial organizations. It presently has 160 branches across Australia, including 65 corporate branches and 95 "owner-managed" branches. The bank employs 48,556 people and has 200 locations around Australia.


    To assist consumers with their financial needs, the Bank of Queensland developed basic, easy-to-understand banking solutions. It provides a variety of these products and services to both individuals and businesses. The Bank of Queensland is one of the top 100 Australian corporations by market capitalization on the Australian Securities Exchange, and it is an Authorized Deposit-taking Institution regulated by the Australian Prudential Regulation Authority.


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    Market cap: 6.1B

    Website: https://www.boq.com.au/

    Facebook: https://www.facebook.com/BOQOnline/

    Bank of Queensland (https://www.couriermail.com.au/)
    Bank of Queensland (https://www.couriermail.com.au/)
    Bank of Queensland (https://workerlaw.com.au/)
    Bank of Queensland (https://workerlaw.com.au/)
  8. Bendigo and Adelaide Bank is an Australian financial organization that primarily provides retail banking services. In November 2007, Bendigo Bank and Adelaide Bank merged to establish the company.


    Prior to the merger, Bendigo Bank provided its products and services through around 900 outlets across Australia, comprising more than 160 company-owned branches, 220 Community Bank branches of Bendigo Bank, 100 agencies, and 400 Elders outlets. The majority of the bank's branches are located in Victoria and Queensland. The merged bank currently has approximately 400 branches, including 25 from the Adelaide Bank merger.


    Bendigo remains the national headquarters, with a large office in Adelaide, South Australia, and regional offices in Docklands, Melbourne, and Ipswich, Queensland.


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    Market cap: 5.4B

    Website: https://www.bendigoadelaide.com.au/

    Bendigo and Adelaide Bank (Photo: https://www.itnews.com.au/)
    Bendigo and Adelaide Bank (Photo: https://www.itnews.com.au/)
    Bendigo and Adelaide Bank (Photo: https://www.optimizely.com/)
    Bendigo and Adelaide Bank (Photo: https://www.optimizely.com/)
  9. Founded in 1997, Liberty Financial Group pioneered specialty financing by providing flexible solutions that required individualized attention that other financial institutions did not provide. Even when others thought it couldn't be done, it made house ownership a reality. Liberty Financial Group's unique and adaptable strategy has enabled it to assist over 600,000 customers by advancing more than $28 billion in funds.


    Liberty Financial Group now offers a comprehensive choice of house, auto, and business loans, as well as investments and products from other financial institutions. It has received various industry awards and accolades. In brief, Liberty Financial Group is an alternative that provides clients with more choice and freedom by providing innovative solutions at competitive prices.


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    Market cap: 2.1B

    Website: https://www.lfgroup.com.au/

    Facebook: https://www.facebook.com/liberty.social

    Liberty Financial Group (Photo: https://www.facebook.com/liberty.social)
    Liberty Financial Group (Photo: https://www.facebook.com/liberty.social)
    Liberty Financial Group (Photo: https://www.facebook.com/liberty.social)
    Liberty Financial Group (Photo: https://www.facebook.com/liberty.social)
  10. Pepper Money was established in 2000 and is based in Sydney, Australia. Pepper Money Limited, or Pepper Money, is a consumer finance firm specializing in consumer financing and residential mortgages. It is a part of the Pepper Financial Services Group, which operates in Ireland, Spain, South Korea, and the United Kingdom.


    Pepper was relisted on the ASX on May 25, 2021, and has around 2000 workers worldwide. It provides services for a variety of assets, including residential house loans, business loans, equipment finance, and consumer finance. The Pepper Group is majority-owned by KKR, a significant worldwide investment company. It has approximately 600,000 customers worldwide and manages over £38.2 billion in assets across its servicing and lending businesses.


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    Market cap: 1.2B

    Website: https://www.pepper.com.au/

    Facebook: https://www.facebook.com/peppermoney/

    Pepper Money Limited (Photo: https://twitter.com/peppermoney)
    Pepper Money Limited (Photo: https://twitter.com/peppermoney)
    Pepper Money Limited (Photo: https://www.facebook.com/peppermoney/)
    Pepper Money Limited (Photo: https://www.facebook.com/peppermoney/)



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