Australia

Australia's banking system is highly concentrated. Of 89 licensed banks at June 2026, the four majors (Commonwealth Bank, Westpac, National Australia Bank and ANZ) held A$5.13tn of assets, about 73% of the banking total. The remainder comprises 30 other domestic banks, led by Macquarie and regional lenders such as Bendigo and Adelaide Bank and Bank of Queensland, seven foreign-owned subsidiary banks including ING Australia, and 48 foreign bank branches focused on wholesale business. Authorised deposit-taking institutions as a whole held A$7.07tn of assets.