The Commonwealth Bank of Australia reported a market capitalization of approximately *** billion Australian dollars as of September 2024. All the other leading banks in the country reported significantly lower figures. What is market capitalization? All four of the largest banks in Australia were among the top Australian companies on the ASX by market cap. Market capitalization is used to determine the size of companies and to quantify their aggregate market value. It is calculated by multiplying the current market price of a company by the total number of outstanding shares. The market cap fluctuates along with the market price of shares for a company that is publicly listed. In that respect, market uncertainty from external influences can play a significant role in the valuation of a company. Leading banks in Australia The leading banks by assets in the country are ANZ, the Commonwealth Bank, NAB, and Westpac. These are collectively known as the ‘big four’ and have traditionally dominated Australia’s banking industry. Commonwealth Bank was one of the largest Australian companies listed on the Australian Securities Exchange and operates in New Zealand, Asia, and the United Kingdom. In fact, the Commonwealth bank was among the leading banks worldwide.

Banks are grappling with a transition from years of loose monetary policy to tighter financial conditions. Soaring inflation prompted an RBA pivot in the face of surging energy, housing and food prices. The RBA hiked the cash rate multiple times from May 2022 to November 2023. Prior to this, banks cashed in on high residential housing prices, with low interest rates and government schemes encouraging strong mortgage uptake over the course of the pandemic. APRA also eased the interest rate buffer in 2019, before raising it in 2021. Interest hikes have pushed up banks' incomes over the past few years. Meanwhile, banks' interest deposit expenses and funding costs have also risen while elevated interest rates have dampened industry profit margins over the past few years. Overall, industry revenue is expected to expand at an annualised 9.3% over the five years through 2024-25, to $259.2 billion. This includes an anticipated slump of 8.3% in 2024-25, as inflationary pressure shows signs of easing, the cash rate easing, weighing on interest income. As banks passed on cash rate rises through higher interest rates, the RBA's policy approach has had a cascading effect on the economy. There’s a lag before these hit customers, with some fixed-rate mortgages gradually rolling over through 2023 and 2024. Banks are securing more interest income from existing loans but must manage inflated borrowing costs and bigger payouts on deposit accounts. Residential housing prices are set to stabilise, while heavy mortgage payments will price out some potential homeowners. Banks will be monitoring consumer spending amid inflationary pressures and spiralling borrowing costs. APRA has strengthened rules for managing interest rate risks, effective from October 2025. The updated Prudential Standard APS 117 requires major financial institutions to implement robust frameworks to manage these risks effectively. The big four will need to keep up with rapid technological change, managing cyber security as consumers embrace online financial services. Competition isn't easing up as smaller technology-focused firms disrupt the finance sector and foreign banks tap into the Australian market. Revenue is projected to climb at an annualised 0.3% over the next five years, to total $262.6 billion in 2029-30.

As of April 2022, the Commonwealth Bank of Australia held over *********** of the household lending market in Australia, more than any other bank in Australia. The remaining ***** of Australia's 'big four banks' each held between ** and ** percent of the market. The 'big four banks' refers to the **** largest banks in Australia which dominate the Australian banking industry, namely Westpac, National Australia Bank (NAB), Commonwealth Bank, and Australia and New Zealand Bank (ANZ).

The Report Covers Neobanks Market Report in Australia and It is Segmented by Account Type (Business Account and Savings Account), By Service (Mobile Banking, Payments & Money Transfer, Savings Account, Loans, And Others), And by Application (Enterprise, Personal, And Others). The Report Offers Market Size and Forecasts for Australia Neo Banking Market in Value (USD) for all the Above Segments.

The Finance sector's operating environment was previously characterised by record-low interest rates. Nonetheless, high inflation prompted the Reserve Bank of Australia (RBA) to hike the cash rate from May 2022 onwards. This shift allowed financial institutions to impose higher loan charges, propelling their revenue. Banks raised interest rates quicker than funding costs in the first half of 2022-23, boosting net interest margins. However, sophisticated competition and digital disruption have reshaped the sector and nibbled at the Big Four's dominance, weighing on ADIs' performance. In the first half of 2025, the fierce competition has forced ADIs to trim lending rates even ahead of RBA moves to protect their slice of the mortgage market. Higher cash rates initially widened net interest margins, but the expiry of cheap TFF funding and a fierce mortgage war are now compressing spreads, weighing on ADIs' profitability. Although ANZ's 2024 Suncorp Bank takeover highlights some consolidation, the real contest is unfolding in tech. Larger financial institutions are combatting intensified competition from neobanks and fintechs by upscaling their technology investments, strengthening their strategic partnerships with cloud providers and technology consulting firms and augmenting their digital offerings. Notable examples include the launch of ANZ Plus by ANZ and Commonwealth Bank's Unloan. Meanwhile, investor demand for rental properties, elevated residential housing prices and sizable state-infrastructure pipelines have continued to underpin loan growth, offsetting the drag from weaker mortgage affordability and volatile business sentiment. Overall, subdivision revenue is expected to rise at an annualised 8.3% over the five years through 2024-25, to $524.6 billion. This growth trajectory includes an estimated 4.8% decline in 2024-25 driven by rate cuts in 2025, which will weigh on income from interest-bearing assets. The Big Four banks will double down on technology investments and partnerships to counter threats from fintech startups and neobanks. As cybersecurity risks and APRA regulations evolve, financial institutions will gear up to strengthen their focus on shielding sensitive customer data and preserving trust, lifting compliance and operational costs. In the face of fierce competition, evolving regulations and shifting customer preferences, consolidation through M&As is poised to be a viable trend for survival and growth, especially among smaller financial institutions like credit unions. While rate cuts will challenge profitability within the sector, expansionary economic policies are poised to stimulate business and mortgage lending activity, presenting opportunities for strategic growth in a dynamic market. These trends are why Finance subdivision revenue is forecast to rise by an annualised 1.1% over the five years through the end of 2029-30, to $554.9 billion

In 2024, the ten largest mortgage lenders in Australia comprised over ** percent of the mortgage market. The Commonwealth Bank of Australia and Westpac Banking Corporation were leading mortgage providers by value of gross mortgage lending and accounted for roughly ** and ** percent of gross mortgage lending respectively.

The Australia private banking market size is projected to grow at a CAGR of 5.04% between 2025 and 2034.

Commonwealth Bank of Australia was the largest Australian bank in the 2024 financial year, by value of total assets. The value of the Commonwealth Bank of Australia's assets amounted to over ***** billion Australian dollars. Who are the ‘’big four banks’’? The banking industry in Australia is heavily concentrated on the “big four”, which refers to the four largest banks that hold more than ********** of all loans from mortgage borrowers. The largest four banks started emerging from the 1980s as the big banks started a series of acquisitions and mergers that propelled them to the forefront, while a growing number of mortgage loans in the early 2000s’ housing boom solidified their place in the market. Commonwealth Bank’s total assets have been consistently high over the past decade and was the largest among the big four. Consumer perception of the “big four” Despite the oligarchical nature of the market, consumers have shown a high level of satisfaction with the big four banks. This has allowed the big four to continue to expand their market share over the years without significant backlash from the public while maintaining the highest brand values in the financial market.

The Australian Fintech market, valued at $4.11 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 10.32% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the increasing adoption of smartphones and high internet penetration rates among Australians fuels the demand for convenient and accessible financial services. Secondly, a supportive regulatory environment encouraging innovation and competition within the sector fosters growth. Government initiatives aimed at promoting digital financial inclusion further contribute to market expansion. The rising popularity of Buy Now Pay Later (BNPL) services, coupled with the growing demand for digital lending and investment platforms, significantly contributes to this growth. Furthermore, the increasing awareness and adoption of online insurance platforms are also key drivers. Competition among established players like Afterpay Touch, Judo Bank, and Wise, alongside innovative startups like Zeller and Airwallex, fuels innovation and drives down costs for consumers. However, the market also faces challenges. Data security and privacy concerns remain paramount, requiring robust cybersecurity measures from fintech companies. Regulatory hurdles and compliance costs can also impede the growth of smaller players. Maintaining consumer trust and addressing potential risks associated with rapid technological advancements are crucial for sustained market growth. The segmentation of the market, with strong growth in areas like money transfers, digital lending, and online insurance, indicates promising avenues for future investments and expansion. The continued development of open banking infrastructure and the integration of emerging technologies such as AI and blockchain will further shape the future trajectory of the Australian Fintech market. This makes it a dynamic and highly attractive sector for both established players and new entrants. Recent developments include: March 2023: Financial platform Airwallex secured a payment business license in China, following the successful acquisition of a 100% stake in Guangzhou Shang Wu Tong Network Technology Co., Ltd., an information and online payment services company., February 2023: Fintech Zeller took on the big four banks to offer financial services to the small business sector, launching a new transaction account, debit card, and app.. Notable trends are: Digital ID Framework Witnessing Growth in Australia Fintech Market.

The Australia commercial banking market size reached USD 217.39 Billion in 2024. The market is expected to grow at a CAGR of 3.90% between 2025 and 2034, reaching almost USD 318.71 Billion by 2034.

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Community Banking Market Size 2025-2029

The community banking market size is forecast to increase by USD 253 billion at a CAGR of 5.8% between 2024 and 2029.

The market is experiencing significant shifts driven by the increasing adoption of microlending in developing nations and the rising preference for digital platforms. The microlending, a segment of community banking, is gaining traction in developing economies due to its ability to provide small loans to individuals and small businesses who lack access to traditional banking services. This trend is expected to continue, fueled by the growing financial inclusion efforts and increasing economic activity in these regions. Simultaneously, the community banking sector is witnessing a surge in the adoption of digital platforms.
The digital community banking services, such as mobile banking and online lending, are becoming increasingly popular due to their convenience and accessibility. This trend is particularly noticeable among younger demographics, who are more likely to use digital channels for banking. However, the market also faces challenges. One of the most significant obstacles is the lack of awareness about community banking services. Many potential customers, particularly in rural and underserved areas, are unaware of the benefits and availability of community banking services. Addressing this challenge will require targeted marketing efforts and community outreach programs.

What will be the Size of the Community Banking Market during the forecast period?

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The market continues to evolve, with advanced technology playing a pivotal role in shaping the landscape. Financial institutions, both large and small, are integrating microfinance, mobile banking, and remote deposit capture to cater to diverse customer needs. In the micropolitan areas, community banks have gained prominence, offering personalized services to rural and agricultural sectors. The economic recession led to a surge in digital adoption, with mobile banking becoming increasingly popular. However, the competition remains fierce, with big banks also investing heavily in technology to retain their customer base. The ongoing market dynamics underscore the need for continuous innovation and adaptation to stay competitive.
Community banks, with their focus on local markets and relationships, are well-positioned to leverage these trends and offer competitive rates and fees to attract and retain customers. The integration of advanced technology enables seamless transactions and enhanced customer experience, further bolstering their position in the market. The future of community banking lies in its ability to balance tradition and innovation, offering personalized services while embracing digital transformation.

How is this Community Banking Industry segmented?

The community banking industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Area

  Metropolitan
  Rural and micropolitan


Sector

  Small business
  CRE
  Agriculture


Service Type

  Retail banking
  Commercial banking
  Wealth management and financial advisory
  Others


Delivery Model

  Branch Banking
  Online Banking
  Mobile Banking


Institution Type

  Credit Unions
  Local Banks


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Area Insights

The metropolitan segment is estimated to witness significant growth during the forecast period.

In the dynamic world of financial services, community banks in the US continue to gain traction among consumers, particularly in rural and micropolitan areas where Big Banks may have a limited presence. While Big Banks dominate the market with their vast resources and broad reach, Community FIs cater to the unique needs of their local clientele. With the rise of advanced technology, Community banks have embraced digital banking solutions, including Internet banking, mobile banking, and remote deposit capture. Small businesses and agricultural sectors, integral to rural economies, benefit significantly from Community banks' personalized services and expertise. Despite the economic recession, these institutions have managed to maintain deposits through their strong relationships with customers.

Microlending, a niche offering, further distinguishes Community banks from their larger counterparts. Rates and fees remain crucial factors for customers, especially in a competitive market. Community banks often offer more competitive rates and lower fees compared to Big Banks, maki

Asia-Pacific Neo Banking Market can be segmented By Account Type, (Business Account, Saving Account), By Service(Mobile Banking, Payments, and Money Transfer, Loans, Others), By Application,(Enterprises, Personal, and Others), By Geography (China, India, Australia, Singapore, Hongkong, and the Rest of Asia-Pacific)

The APAC Banking As A Service Market report segments the industry into By Type (API Based BaaS, Cloud Based BaaS), By Service Type (Payment Process Services, Digital Banking Services, KYC Service, Customer Support Services, Others), By Enterprise (Large Enterprise, Small & Medium Enterprise), and By Country (China, India, Japan, South Korea, Indonesia, Vietnam, Malaysia, Australia, New Zealand, Rest of Asia-Pacific).

Of Australia's big four banks, the Commonwealth Bank of Australia had the highest number of customers. As of *************, Commonwealth Bank had approximately ********** customers, ************* more than Westpac Banking Corporation. 

 Commonwealth Bank of Australia 

The Commonwealth Bank of Australia, also named CommBank, is not only the most dominant bank in Australia, but also has a presence in New Zealand, Asia, the United States, and the United Kingdom. The total assets of CommBank exceeded *********** Australian dollars in 2020 and continued to increase through to the 2021 financial year. Along with leading the banking sector in the country, CommBank was also one of the most valuable brands in Australia, just falling behind Telstra and Woolworths.

 Consumer banking   When looking at consumer banking customer satisfaction in Australia, the big four struggled to keep up with the customer-owned mutual bank, Heritage Bank. Nevertheless, Australian consumers seemed to be largely satisfied with their current banks, with less than a quarter of respondents likely to change their primary bank according to a recent survey.

The Foreign Banks industry includes domestic subsidiaries of foreign banks and branches of foreign banks, which have grown over the past few years as soaring interest rates contributed to a sharp revenue rise. The Reserve Bank of Australia (RBA) maintained a relatively low cash rate over the past decade – especially in response to the pandemic – to stimulate economic activity. The low cash rate environment hampered foreign banks' revenue in the three years through 2021-22. In May 2022, this all changed when inflation rose quickly, leading to the fastest and largest hike cycle on record. These trends ensured a revenue explosion in the two years through 2023-24, especially after a decade of cheap money drove extensive private and corporate borrowing in Australia. Overall, industry revenue is expected to grow at an annualised 11.8% over the five years through 2024-25, to $45.6 billion. This includes an anticipated decline of 8.8% in 2024-25 as the RBA cut rates. Foreign banks are typically less exposed than domestic banks to the residential lending market and depend more on commercial lending because of the high number of foreign bank branches, with the noted exception of HSBC Bank, which has substantially grown its mortgage books over the past few years. Meanwhile, foreign bank branches increasingly lent to corporate clients despite a highly competitive market. These long-term trends allowed industry profit margins to heighten. Yet, as interest rates surged in 2022, so did foreign banks’ funding expenses. This weighed on profit’s proportion of revenue despite net earnings growth. Australian foreign banks’ outlook is more mixed over the coming years as interest rates gradually drop. Foreign banks are set to shift their focus towards ESG offerings like responsible lending, to satisfy consumer demand for green loans. In response to the fierce competition from lenders, including non-banks and fintech firms, foreign banks are set to splurge on technology to remain relevant. Funding costs will start easing as interest rates decline, causing profit margins to rebound. Overall, revenue is forecast to fall at an annualised 3.8% over the five years through 2029-30, to $37.8 billion.

Market Size statistics on the Investment Banking and Securities Brokerage industry in Australia

The Australian neobanking market is poised for significant growth, driven by factors such as increasing consumer adoption of digital banking services, the prevalence of smartphones and internet penetration, and government initiatives to promote financial inclusion. The market size was valued at $32.30 million in 2025 and is projected to expand at a CAGR of 8.36% during the forecast period (2025-2033), reaching a value of $63.59 million by 2033. Key trends driving the market growth include the emergence of innovative technologies and digital banking models, the rise of fintech partnerships and collaborations, and increasing consumer demand for personalized and convenient financial services. Prominent players in the Australian neobanking market include UP Neo Bank, Alex, Volt Bank, BNK, Revolut, Hay, Judo Bank, Tyro, Douugh, and DayTek, among others. These players offer a wide range of financial products and services, including business and savings accounts, mobile banking, payments and money transfer, savings accounts, loans, and others, catering to the diverse needs of individuals and businesses. The market is expected to witness intensified competition with the entry of new players and the expansion of existing ones, leading to ongoing innovation and product enhancement within the industry. Recent developments include: December 2023: Ubank and designer Jordan Gogos collaborated to launch custom fashion pieces and introduce the Feel-Good Fashion Fund initiative for emerging designers. Jordan Gogos is known for his innovative and boundary-pushing work., May 2022: Australia’s first digital bank, UBank, revealed a new look and feel after merging with smart bank, 86400. Representing the perfect pairing of an established customer base and name (UBank) with the visual identity, technology, and innovation capability.. Key drivers for this market are: Next Generation Technologies.. Potential restraints include: Next Generation Technologies.. Notable trends are: Rising Investment in Fintech in Australia Driving the Market.

In Australia E-Banking Market, The ongoing shift toward cashless transactions and digital payments is significantly contributing to the growth of the e-banking market.

Australia and New Zealand Banking reported NZD97.86B in Market Capitalization this July of 2025, considering the latest stock price and the number of outstanding shares.Data for Australia and New Zealand Banking | ANZ - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last July in 2025.

According to a survey conducted in 2020, Australia’s banking customers were overall satisfied with their banks. During the survey period, Heritage Bank received the highest overall customer statisfaction rating at *** out of 1,000. Comparatively, the satisfaction ratings of the largest four banks in the country, ANZ, Commonwealth Bank, Westpac, and NAB, were all lower than 780.

Consumer banking preferences

Despite the slightly lower satisfaction ratings, in a survey about consumers considering taking out a new banking product, the big four banks in Australia dominated. These banks have historically been at the forefront of Australia’s banking and finance scene, attracting new customers due to their reputation, robustness, and repertoire of products and services. Banks in Australia, large and small, have had to diversify their offerings to remain competitive with changing population preferences. A generational comparison of mobile banking and branch banking usage in Australia showed that younger generations were much more willing to use mobile banking services over in-house banking.

COVID-19 and the future of banking

The coronavirus pandemic has certainly made its impact on the Australian banking industry. The big four banks have been forced to react to the country’s biggest economic contraction in a century. The market cap of these banks seemed to have been seriously impacted by the economic uncertainty in 2020. Furthermore, large banks were not the only financial institutions affected. Indeed, the share of financial and insurance businesses anticipating adverse impacts due to the coronavirus in Australia was considerable.