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National and Regional Commercial Banks in Australia Industry Data and Analysis
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.
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What's included in this industry analysis
IBISWorld's research coverage on the National and Regional Commercial Banks industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released April 2025.
About this industry
What's this industry report about?
The National and Regional Commercial Banks industry in Australia operates under the ANZSIC industry code K6221a. Industry enterprises are Australian-owned and -operated banks engaged in banking activities. National and regional banks primarily generate revenue through interest income on consumer and commercial loans, incurring liabilities through accepting deposits. Industry operators also generate revenue from investments, advances, fees and commission income. Related terms covered in the National and Regional Commercial Banks industry in Australia include big four, net interest spread, cash rate, cet1 (common equity tier 1) and neobank.
What's included in this industry?
Products and services covered in National and Regional Commercial Banks industry in Australia include Home loans, Business loans and Personal lending.
What companies are included in this industry?
Companies covered in the National and Regional Commercial Banks industry in Australia include Commonwealth Bank of Australia, NAB and Westpac.
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 National and Regional Commercial 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 National and Regional Commercial 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 National and Regional Commercial 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 National and Regional Commercial 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 National and Regional Commercial 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 National and Regional Commercial 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 National and Regional Commercial 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 National and Regional Commercial Banks industry in Australia.
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Frequently Asked Questions
What is the market size of the National and Regional Commercial Banks industry in Australia in 2026?
The market size of the National and Regional Commercial Banks industry in Australia is $259.2bn in 2026.
How many businesses are there in the National and Regional Commercial Banks industry in Australia in 2025?
There are 41 businesses in the National and Regional Commercial Banks industry in Australia, which has declined at a CAGR of 0.5 % between 2020 and 2025.
How may import tariffs affect the National and Regional Commercial Banks industry in Australia?
The National and Regional Commercial 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 National and Regional Commercial Banks industry in Australia?
The National and Regional Commercial 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 National and Regional Commercial Banks industry in Australia grown or declined over the past 5 years?
The market size of the National and Regional Commercial Banks industry in Australia has been growing at a CAGR of 9.3 % between 2020 and 2025.
What is the forecast growth of the National and Regional Commercial Banks industry in Australia over the next 5 years?
Over the next five years, the National and Regional Commercial Banks industry in Australia is expected to grow.
What are the biggest companies in the National and Regional Commercial Banks industry in Australia?
The biggest companies operating in the National and Regional Commercial Banks industry in Australia are Commonwealth Bank of Australia, NAB and Westpac
What does the National and Regional Commercial Banks industry in Australia include?
Home loans and Business loans are part of the National and Regional Commercial Banks industry in Australia.
Which companies have the highest market share in the National and Regional Commercial Banks industry in Australia?
The company holding the most market share in the National and Regional Commercial Banks industry in Australia is Commonwealth Bank of Australia.
How competitive is the National and Regional Commercial Banks industry in Australia?
The level of competition is high and increasing in the National and Regional Commercial Banks industry in Australia.
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