Finance
The Top 10 Australian Financial Institutions

1. Commonwealth Bank of Australia (CBA)
CBA is Australia’s largest bank by market capitalization, recently surpassing $300 billion. It offers a comprehensive range of financial services, including retail, business, and institutional banking, as well as wealth management.

2. Westpac Banking Corporation
Established in 1817, Westpac is Australia’s oldest bank and a key player among the “Big Four.” It provides services across consumer, business, and institutional banking, along with wealth management and insurance. Westpac has a significant presence in both Australia and New Zealand.

3. National Australia Bank (NAB)
NAB is a major financial institution focusing on business banking, holding a 28% share in the SME lending market. Under CEO Andrew Irvine, NAB is investing in expanding its business banking operations.

4. Australia and New Zealand Banking Group (ANZ)
ANZ is a multinational banking and financial services company operating across 34 markets. It offers a wide range of services, including retail, commercial, and institutional banking.

5. Macquarie Group
Macquarie is a global financial services group specializing in investment banking, asset management, and infrastructure financing. It manages over $735 billion in assets and is recognized as the world’s largest infrastructure asset manager. Macquarie operates in 34 markets worldwide.

6. AMP Limited
AMP is a diversified financial services company offering superannuation, investment products, financial advice, and banking services. Despite past challenges, including regulatory scrutiny.

7. Suncorp Group
Suncorp is a financial services conglomerate providing banking, insurance, and wealth management services. It operates primarily in Australia and New Zealand, serving millions of customers with a focus on personal and commercial insurance products.

8. QBE Insurance Group
QBE is one of the world’s top 20 insurance and reinsurance companies, offering a broad range of commercial, personal, and specialty insurance products. Headquartered in Sydney, QBE has operations in 27 countries.

9. La Trobe Financial
La Trobe Financial is a credit asset management firm specializing in real estate credit and investment solutions. Managing over $13.5 billion in assets, it serves more than 205,000 customers and has a presence in Australia and Asia.

10. Judo Bank
Judo Bank is a challenger bank focusing on small and medium-sized enterprise (SME) lending. Since its inception in 2016, it has rapidly grown by offering personalized banking services to underserved business segments.