List of banks in Australia

The following is the list of banks in Australia, as well as restricted authorised deposit-taking institutions (ADI),[1] credit unions and subsidiaries and branches of foreign banks in Australia. Financial institutions in Australia are supervised by the Australian Prudential Regulation Authority (APRA) as authorised deposit-taking institutions (ADI) under the Banking Act 1959 (Cth), as at 2 August 2017.[2]

Central bank

The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the Reserve Bank Act 1959 removed the central banking functions from the Commonwealth Bank.[3] The bank's main policy role is to control inflation levels within a target range of 2–3%, by controlling the unemployment rate according to the 'non-accelerating inflation rate of unemployment' (NAIRU) by controlling the official cash rate.

Authorised deposit-taking institutions

Authorised Deposit-taking Institutions (ADIs) are corporations authorised to conduct banking business in Australia; however, the Financial Claims Scheme (FCS) guarantee applies exclusively to banks, building societies, and credit unions, and does not cover all ADI categories such as payment facilities.[4]

Incorporated in Australia

According to APRA statistics as of 11 December 2025, there are 71 Australian-owned ADIs, along with seven foreign-owned banks that are locally incorporated in Australia. It is worth noting that several of these banking groups operate under multiple brand names.[5]

Banks incorporated in Australia
Notes:
OMB: Operating multiple brands. Refers to a bank's strategy of maintaining and operating two or more distinct consumer-facing brands, often following consolidation or the merger and acquisition of other banking institutions under a single operating license.
BIG4: Big Four retail banking group in Australia.
Bank: Special status. The bank is undergoing closure or acquisition/integration. For details, please refer to the Notes.
Domestic banks
No. Bank name Headquarters Established SWIFT-BIC
Notes
1 Alex Bank Brisbane 2018
2 AMP Bank Sydney 1849 AMPBAU2S
3 Australia and New Zealand Banking GroupBIG4 Melbourne 1835 ANZBAU3M
Australia and New Zealand Banking Group (ANZ) was officially formed in 1970 through the then-largest bank merger in Australian history, combining the Australia and New Zealand Bank (itself formed by the 1951 merger of the Bank of Australasia and Union Bank of Australia) with the English, Scottish & Australian Bank (ES&A). ANZ has aggressively expanded its footprint, particularly in New Zealand, where it acquired the government-owned PostBank in 1989 and, most significantly, the National Bank of New Zealand in 2003 from Lloyds TSB. While the National Bank brand was initially retained, it was retired in 2012, unifying operations under the ANZ brand. Continuing its strategy of growth through acquisition, ANZ recently strengthened its domestic position by acquiring Suncorp Bank in 2024, specifically targeting its mortgage and deposit base in Queensland.
4 Australian Settlements Sydney 1993 ASLLAU2C
5 Avenue Bank Sydney 2021
6 Bank of QueenslandOMB
including BOQ Specialist (BOQS) and ME Bank
Brisbane 1863 QBANAU4B
7 Bendigo and Adelaide BankOMB
trading as Bendigo Bank, including Rural Bank and Up Bank
Bendigo 1858 BENDAU3B
8 BNK Banking CorporationOMB
including Goldfields Money
Perth 1982 GOMNAU61
9 Commonwealth Bank of AustraliaBIG4 OMB
including Bankwest
Sydney 1911 CTBAAU2S
Commonwealth Bank of Australia (CBA), established in 1911 as a government-owned bank, is the nation's largest financial institution and the only one of the "Big Four" to have been fully privatized (a process completed in 1996). While CBA grew significantly through earlier mergers, such as acquiring the State Bank of Victoria in 1991, its most pivotal modern expansion occurred during the Global Financial Crisis in 2008. Taking advantage of market volatility, CBA acquired Bankwest (the Bank of Western Australia) from the distressed UK lender HBOS for A$2.1 billion. This acquisition cemented CBA market dominance in Western Australia, allowing Bankwest to operate as a distinct regional brand until its strategic transition in 2024 to become a digital-only division within the group.
10 Cuscal Sydney 1966 CUSCAU2S
11 IN1Bank Sydney 2019
12 Indue Brisbane 1965 IDLTAU42
13 Judo Bank Melbourne 2016
14 Macquarie Bank Sydney 1969 MACQAU2S
Macquarie Group originated in 1969 as Hill Samuel Australia, the local subsidiary of a UK merchant bank - Hill Samuel & Co, before obtaining a full Australian banking license and rebranding to Macquarie Bank in 1985. Unlike the retail-focused "Big Four," Macquarie built its reputation as a global leader in infrastructure asset management and investment banking (often dubbed the "Millionaire's Factory"). A pivotal moment in its domestic history was the 1999 acquisition of the investment banking assets of Bankers Trust Australia, which eliminated a key rival and solidified its local dominance. Internationally, Macquarie aggressively expanded its funds management capabilities, most notably through the acquisition of US-based Delaware Investments in 2010 and Waddell & Reed in 2021, transforming it into a top-tier global asset manager.
15 Members Banking Group
trading as RACQ Bank
Brisbane 1965 QTMBAU41
16 MyState Bank Hobart 2009 MYSTAU71
17 National Australia BankBIG4 OMB
including Ubank
Melbourne 1982 NATAAU33
National Australia Bank (NAB) was formed in 1982 through the merger of the National Bank of Australasia and the Commercial Banking Company of Sydney. Historically, NAB pursued an aggressive international expansion strategy, most notably in the United Kingdom where it acquired Clydesdale Bank (1987) and Yorkshire Bank (1990). However, following a strategic shift to refocus on its core domestic franchise, NAB fully divested its UK operations in 2016 through the demerger of CYBG (now Virgin Money UK). In the domestic digital market, NAB launched UBank in 2008 as a branchless division. This digital presence was significantly upgraded in 2021 when NAB acquired the neobank 86 400 for approximately A$220 million, merging it with UBank to leverage 86 400’s modern technology stack while retiring the neobank's brand.
18 Norfina
trading as Suncorp Bank
Brisbane 1902 METWAU4B
Following the completion of its acquisition of Suncorp Bank in July 2024[6], ANZ Group (ANZBGL) committed to maintaining the Suncorp brand for at least five to seven years and operating the bank as a stand-alone entity under its own ADI license, with plans to eventually surrender the license and fully integrate the business into the ANZBGL’s ADI license[7].
19 Tyro Payments Sydney 2003 TYROAU22
20 Westpac Banking CorporationBIG4 OMB
including Bank of Melbourne, BankSA and St George Bank
Sydney 1817 WPACAU2S
Westpac Banking Corporation, established in 1817 as the Bank of New South Wales (Australia first bank), cemented its position as one of the "Big Four" through a strategic history of acquisitions that created a multi-brand banking group. After rebranding to Westpac in 1982, the corporation significantly expanded its regional footprint by acquiring the Bank of Melbourne in 1997. This was followed by a major merger with St. George Bank in 2008, a deal that also secured ownership of BankSA (which St. George had acquired in 1997), effectively bringing these major regional brands under the singular Westpac Group umbrella while retaining their local identities.
Foreign subsidiary banks
No. Bank name Headquarters Established SWIFT-BIC
Notes
21 Arab Bank Australia Sydney 1986 ARABAU2S
22 Bank of China (Australia) Sydney 2005 BKCHAU2A
23 Bank of Sydney Sydney 2001 LIKIAU2S
24 Heartland Bank Australia Melbourne 1971
25 HSBC Bank Australia Sydney 1985 HKBAAU2S
HSBC has initiated a strategic review of its retail banking operations in Australia that is widely expected to lead to a market exit, although the bank clarified that no final decision has been reached and its wholesale banking business will remain unchanged.[8]
26 ING Bank (Australia)
trading as ING
Sydney 1999 INGBAU2S
27 Rabobank Australia Sydney 1994 RABOAU2B
Mutual banks
No. Bank name Headquarters Established SWIFT-BIC
Notes
28 Australian Military BankOMB
including RSL Money
Sydney 1959 AUMLAU21
29 Australian Mutual BankOMB
including Endeavour Mutual Bank and Sydney Mutual Bank
Sydney 1953 SYCUAU21
30 B&E
trading as Bank of us
Launceston 1870 BETDAU71
31 Bank Australia Melbourne 1957 MCUUAU31
32 Beyond Bank Australia Adelaide 1958 CPSUAU51
33 Defence Bank Melbourne 1959 DEFEAU31
34 Gateway Bank Sydney 1955 GCRUAU21
35 Heritage and People's ChoiceOMB
trading as Heritage Bank, including People's Choice Credit Union and People First Bank
Toowoomba / Adelaide 1875 HBSLAU4T
36 Hume Bank Albury 1955 HUMEAU21
37 IMBOMB
trading as IMB Bank, including The Shire
Wollongong 1880 IMTIAU21
38 Maitland Mutual
trading as The Mutual Bank
Maitland 1888 MMBTAU21
39 Newcastle Greater Mutual GroupOMB
including Newcastle Permanent and Greater Bank
Newcastle 2023 ASLLAU2C
40 Police & NursesOMB
trading as P&N Bank, including BCU Bank
Perth 1990 PLNSAU61
41 Police BankOMB
including Border Bank and Heritage Isle
Sydney 1964 POIEAU21
42 Police Financial Services
trading as BankVic
Melbourne 1974 POFVAU31
43 QPCU
trading as QBANK
Brisbane 1964 QPUUAU41
44 Queensland Country Bank Townsville 1971 QCCNAU41
45 Regional Australia Bank Armidale 1969 CNMCAU21
46 Teachers Mutual BankOMB
including Firefighters Mutual Bank, Health Professionals Bank and UniBank
Sydney 1966 TMUTAU21
47 Unity BankOMB
including G&C Mutual Bank and Reliance Bank
Sydney 1970 MMPCAU21
48 Victoria Teachers
trading as Bank First
Melbourne 1972 VITCAU31
Credit unions
No. Firm name Headquarters Established SWIFT-BIC
Notes
49 Central Murray Credit Union
trading as Central Murray Bank
Yarrawonga 1972 CUCNAU31
50 Central West Credit Union Parkes 1966 CWCUAU21
51 Coastline Credit Union
trading as Coastline Bank
Kempsey 1966 CTRIAU21
52 Community First Credit UnionOMB
trading as Community First Bank, including Easy Street Financial Services and Illawarra Credit Union
Sydney 1959 CFCIAU21
53 Credit Union Australia
trading as Great Southern Bank
Brisbane 1946 CUAUAU41
54 Credit Union SA Adelaide 1958 CEUIAU51
55 Dnister Ukrainian Credit Co-operative Melbourne 1951 DUCCAU31
56 Family First Credit Union
trading as Family First Bank
Lithgow 1967 FFCUAU21
57 Fire Service Credit Union Adelaide 1972 FSRUAU52
58 First Option Bank Melbourne 1965 FOEUAU31
59 Ford Co-operative Credit Society
trading as Geelong Bank
Geelong 1974 FCRSAU31
60 Goulburn Murray Credit Union Co-operative Shepparton 1955 GMCUAU31
61 Horizon Credit Union
trading as Horizon Bank
Wollongong 1964 HCRUAU21
62 Laboratories Credit Union Sydney 1954 LCRNAU21
63 Macarthur Credit Union
trading as The MAC
Camden 1971 MCCUAU21
64 Northern Inland Credit Union Tamworth 1970 NICUAU21
65 Orange Credit Union
trading as Bank Orange
Orange 1964 OCRNAU21
66 Police Credit Union Adelaide 1970 PCRNAU51
67 Railways Credit Union
trading as MOVE
Brisbane 1968 RARUAU41
68 South West Slopes Credit Union
trading as SWSBANK
Young 1972 SWSRAU21
69 Southern Cross Credit Union Kingscliff 1966 SCDUAU22
70 Summerland Financial Services
trading as Summerland Bank
Lismore 1964 SURNAU21
71 The Broken Hill Community Credit Union
trading as Broken Hill Bank
Broken Hill 1973 BHCCAU21
72 The Capricornian Rockhampton 1959 CPNIAU41
73 Traditional Credit Union Darwin 1994 TARUAU81
74 Transport Mutual Credit Union Sydney 1964
75 Warwick Credit Union
trading as Darling Downs Bank
Warwick 1970 WCRUAU41
76 WAW Credit Union Co-Operative
trading as BankWAW
Wodonga 1961 WCUCAU31
77 Woolworths Team Bank Sydney 1971 WERUAU31
Other ADIs
No. Firm name Headquarters Established SWIFT-BIC
78 Cairns Penny Savings & Loans
trading as Cairns Bank
Cairns 1899

Restricted ADIs

As of 11 December 2025, there are currently no restricted authorised deposit-taking institutions regulated by APRA.[5]

ADI Rankings

Presented below is a ranking of ADIs based on CET1 capital accumulation within all banking subsidiaries as of September 2025.[9]

ADIs ranked by CET1 capital (as of September 2025)
Notes:
Common Equity Tier 1 (CET1) capital, as defined under the Basel III framework, represents the highest quality and most loss-absorbing form of a bank’s capital, consisting mainly of common shares and retained earnings; unlike total assets, which indicate the size of a bank’s balance sheet, CET1 reflects its core financial strength and is widely regarded as the most reliable measure of a bank’s solvency and resilience under stress.
Rank Bank CET1 cap. (A$m) CET1 ratio
1 Commonwealth Bank of Australia 58,933.1 11.8%
2 Westpac Banking Corporation 56,379.6 12.5%
3 Australia and New Zealand Banking Group 55,183.8 12.0%
4 National Australia Bank 51,526.6 11.7%
5 Macquarie Bank 19,123.3 12.4%
6 ING Bank (Australia) 4,994.1 15.1%
7 Bank of Queensland 4,391.2 10.9%
8 Bendigo and Adelaide Bank 4,261.7 10.9%
9 Norfina 3,638.0[10] 10.8%[10]
10 Rabobank Australia 3,449.7 14.6%
11 HSBC Bank Australia 2,686.6 12.1%
12 Newcastle Greater Mutual Group 1,849.9 23.5%
13 Judo Bank Pty 1,551.4 12.7%
14 Heritage and People's Choice 1,350.8 15.3%
15 Credit Union Australia 1,184.6 15.2%
16 Bank Australia 1,075.5 15.6%
17 AMP Bank 975.0 10.8%
18 Teachers Mutual Bank 742.3 16.7%
19 Beyond Bank Australia 727.6 16.5%
20 Bank of China (Australia) 604.6 20.6%
21 MyState Bank 556.4 12.1%
22 IMB 487.1 13.1%
23 Police & Nurses 479.3 12.6%
24 Queensland Country Bank 348.5 20.9%
25 Unity Bank 322.3 17.6%
26 Bank of Sydney 317.9 18.7%
27 Regional Australia Bank 293.9 16.8%
28 Heartland Bank Australia 284.1 17.3%
29 Victoria Teachers 281.0 17.2%
30 Cuscal 260.6 27.5%
31 Defence Bank 258.1 14.8%
32 Police Financial Services 240.9 20.0%
33 Police Bank 227.9 21.2%
34 Australian Mutual Bank 215.2 28.7%
35 Members Banking Group 189.4 16.9%
36 Arab Bank Australia 165.6 22.9%
37 Community First Credit Union 165.5 16.0%
38 Tyro Payments 160.1 76.6%
39 Credit Union SA 122.8 15.0%
40 Gateway Bank 122.3 15.7%
41 Police Credit Union 121.9 16.5%
42 Hume Bank 113.5 14.4%
43 Australian Military Bank 110.2 13.3%
44 B & E 107.9 13.8%
45 BNK Banking Corporation 105.5 22.7%
46 QPCU 86.8 19.7%
47 Summerland Financial Services 82.8 19.2%
48 Railways Credit Union 71.1 18.3%
49 Maitland Mutual 70.7 14.9%
50 Southern Cross Credit Union 70.2 17.9%
51 Coastline Credit Union 65.6 16.9%
52 Goulburn Murray Credit Union Co-operative 62.1 26.2%
53 Horizon Credit Union 54.4 18.7%
54 Indue 46.7 17.4%
55 WAW Credit Union Co-Operative 46.1 17.4%
56 Northern Inland Credit Union 40.1 24.1%
57 Macarthur Credit Union 31.4 20.3%
58 Orange Credit Union 31.1 23.0%
59 Warwick Credit Union 31.0 13.4%
60 South West Slopes Credit Union 30.3 22.6%
61 The Capricornian 28.8 17.7%
62 Central West Credit Union 27.1 24.3%
63 Dnister Ukrainian Credit Co-operative 26.7 20.5%
64 Laboratories Credit Union 19.3 19.7%
65 Alex Bank Pty 18.4 37.8%
66 First Option Bank 18.1 17.6%
67 Avenue Bank 17.6 115.4%
68 IN1Bank 16.3 240.1%
69 Family First Credit Union 16.0 17.5%
70 Ford Co-operative Credit Society 13.5 23.1%
71 The Broken Hill Community Credit Union 11.3 20.7%
72 Cairns Penny Savings & Loans 11.2 21.2%
73 Traditional Credit Union 10.9 180.9%
74 Woolworths Team Bank 9.6 18.1%
75 Australian Settlements 9.5 19.2%
76 Transport Mutual Credit Union 9.2 18.3%
77 Central Murray Credit Union 7.8 18.5%
78 Fire Service Credit Union 6.0 18.3%

Incorporated outside Australia

As of 11 December 2025, the Australian Prudential Regulation Authority (APRA) reported that 49 Authorized Deposit-taking Institutions (ADIs) are incorporated outside Australia. These entities generally operate as foreign branch banks and are subject to specific regulatory requirements under the Banking Act 1959.[5]

Banks incorporated outside the Australia
Notes:
Bank: Special status. The bank is undergoing closure or acquisition/integration. For details, please refer to the Notes.
No. Headquarters Bank name Established SWIFT-BIC Notes
1  Mainland China Agricultural Bank of China 2014 ABOCAU2S
2  United States Bank of America, N.A. 1964 BOFAAUSX
3  India Bank of Baroda 2012 BARBAU2S
4  Mainland China Bank of China 2008 BKCHAU2S
5  Mainland China Bank of Communications 2011 COMMAU2S
6  Taiwan Bank of Taiwan 2017 BKTWAUS2
7  United Kingdom Barclays Bank PLC 2021 BARCAUSS
8  France BNP Paribas 1986 BNPAAU2S
9  Canada Canadian Imperial Bank of Commerce 2016 CIBCAU2S
10  Mainland China China Construction Bank Corporation 2010 PCBCAU2S
11  Mainland China China Everbright Bank 2018 EVERAU2S
12  Mainland China China Merchants Bank 2017 CMBCAU2S
13  United States Citibank, N.A. 1985 CITIAU2X
14  Netherlands Cooperatieve Rabobank U.A.
trading as Rabobank
1996 RABOAUSS
15  France Crédit Agricole Corporate and Investment Bank 2022 BSUIAU2S
16  Singapore DBS Bank 2015 DBSSAU2S
17  Germany Deutsche Bank Aktiengessellschaft 1994 DEUTAU2S
18  Taiwan E.SUN Commercial Bank 2016 ESUNAUSS
19  Taiwan First Commercial Bank 2009 FCBKAU4B
20  Taiwan Hua Nan Commercial Bank 2011 HNBKAU2S
21  Mainland China Industrial and Commercial Bank of China 1997 INGAAU2S
22  Netherlands ING Bank N.V. 2008 ICBKAU2S
23  Italy Intesa Sanpaolo SPA 2020 BCITAU2S
24  United States JPMorgan Chase Bank, N.A. 2004 CHASAU2X
25  South Korea KEB HANA Bank 2013 KOEXAU2S
26  Taiwan Land Bank of Taiwan 2025 LBOTAU4B
27  Taiwan Mega International Commercial Bank 1997 ICBCAU2S
28  Japan Mizuho Bank 2003 MHCBAU2S
29  Japan MUFG Bank 2003 BOTKAU2X
30  South Korea NongHyup Bank 2022 NACFAU2S
31  Singapore Oversea-Chinese Banking Corporation 1996 OCBCAU2S
32  Canada Royal Bank of Canada 1997 RBDOAUB1
33  South Korea Shinhan Bank 2016 SHBKAU2S
34  France Societe Generale 2019 SOGEAU21
35  United Kingdom Standard Chartered Bank 2001 SCBLAU2S
36  India State Bank of India 2004 SBINAU2S
37  United States State Street Bank and Trust Company 1986 SBOSAU2X
38  Japan Sumitomo Mitsui Banking Corporation 2006 SMBCAU2S
39  Taiwan Taishin International Bank 2017 TSIBAU44
40  Taiwan Taiwan Business Bank, Ltd 2002 MBBTAU2S
41  Taiwan Taiwan Cooperative Bank, Ltd 2011 TACBAU2S
42  United States The Bank of New York Mellon 2009 BNYMAU2S
43  Canada The Bank of Nova Scotia 2016 NOSCAU2S
44  Hong Kong The Hongkong and Shanghai Banking Corporation 1986 HSBCAU2S
45  United States The Northern Trust Company 2008 CNORAU3M
46  Switzerland UBS AG 1998 UBSWAU2S
47  India Union Bank of India 2015 UBINAU2S
48  Singapore United Overseas Bank 1986 UOVBAU2S
49  South Korea Woori Bank 2012 HVBKAU2S

See also

References

  1. ^ "APRA finalises new Restricted Authorised Deposit-taking Institution licensing framework | APRA". www.apra.gov.au.
  2. ^ APRA, "List of Authorised Deposit-taking Institutions" Archived 30 July 2014 at the Wayback Machine, as at 2 August 2017
  3. ^ "History of the RBA". Reserve Bank of Australia. Archived from the original on 17 February 2011. Retrieved 5 June 2009.
  4. ^ "Financial Claims Scheme: Banks, building societies and credit unions | APRA". www.apra.gov.au. Retrieved 17 December 2025.
  5. ^ a b c "List of registered authorised deposit-taking institutions | APRA". www.apra.gov.au. Retrieved 17 December 2025.
  6. ^ Reporter, James EyersSenior (31 July 2024). "ANZ can finally get under the hood of Suncorp Bank". Australian Financial Review. Retrieved 18 December 2025.
  7. ^ "Wholesale Debt Investor FAQs regarding ANZ's acquisition of Suncorp Bank" (PDF). www.anz.com. Archived from the original (PDF) on 5 December 2024. Retrieved 18 December 2025.
  8. ^ Mishra, Shivam (30 July 2025). "HSBC reportedly considers selling Australian retail bank". Retail Banker International. Retrieved 18 December 2025.
  9. ^ "Authorised deposit-taking institution centralised publication - March 2013 to September 2025". www.apra.gov.au. Retrieved 17 December 2025.
  10. ^ a b "Director's Report and Financial Statements to 30 September 2025" (PDF). Suncorp. Retrieved 17 December 2025.