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Foreign Banks in Australia Industry Data and Analysis
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.
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What's included in this industry analysis
IBISWorld's research coverage on the Foreign Banks industry in Australia includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released October 2024.
About this industry
What's this industry report about?
The Foreign Banks industry in Australia operates under the ANZSIC industry code K6221b. The industry comprises the banking activities of foreign bank subsidiaries, branches and representative offices in Australia. Foreign banks generate revenue through interest income on loans and advances, and fee and commission income. Related terms covered in the Foreign Banks industry in Australia include securitisation, foreign bank branches and foreign bank subsidiaries.
What's included in this industry?
Products and services covered in Foreign Banks industry in Australia include Housing loans, Term loans and Other services.
What companies are included in this industry?
Companies covered in the Foreign Banks industry in Australia include ING, HSBC Australia Holdings and Rabobank Australia.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Foreign Banks industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Foreign Banks industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Foreign Banks industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Foreign Banks industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Foreign Banks industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Foreign Banks industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Foreign Banks industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Foreign Banks industry in Australia.
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Frequently Asked Questions
What is the market size of the Foreign Banks industry in Australia in 2026?
The market size of the Foreign Banks industry in Australia is $46.0bn in 2026.
How many businesses are there in the Foreign Banks industry in Australia in 2024?
There are 55 businesses in the Foreign Banks industry in Australia, which has declined at a CAGR of 0.0 % between 2019 and 2024.
How may import tariffs affect the Foreign Banks industry in Australia?
The Foreign Banks industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Foreign Banks industry in Australia?
The Foreign Banks industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Foreign Banks industry in Australia grown or declined over the past 5 years?
The market size of the Foreign Banks industry in Australia has been growing at a CAGR of 11.8 % between 2019 and 2024.
What is the forecast growth of the Foreign Banks industry in Australia over the next 5 years?
Over the next five years, the Foreign Banks industry in Australia is expected to decline.
What are the biggest companies in the Foreign Banks industry in Australia?
The biggest companies operating in the Foreign Banks industry in Australia are ING, HSBC Australia Holdings and Rabobank Australia
What does the Foreign Banks industry in Australia include?
Housing loans and Term loans are part of the Foreign Banks industry in Australia.
Which companies have the highest market share in the Foreign Banks industry in Australia?
The company holding the most market share in the Foreign Banks industry in Australia is ING.
How competitive is the Foreign Banks industry in Australia?
The level of competition is high and increasing in the Foreign Banks industry in Australia.
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