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.
Base Year
Historical Year
Forecast Year
As per industry reports, there are a total of 95 banks across Australia operating with a network of 4,014 branches and 24,695 ATMs, collectively employing 185,778 individuals.
The banking sector serves approximately 22.9 million customers, alongside nearly 36 credit unions and societies, as well as over 600 non-bank lenders, illustrating the breadth and depth of the financial services industry in the country.
Value in USD Billion
2025-2034
Australia Commercial Banking Market Outlook
*this image is indicative*
Commercial banking encompasses the financial services sector catering to businesses, offering a suite of products like loans and lines of credit tailored for enterprises of varying sizes. These banks are instrumental in bolstering business growth by providing essential funding for expansion and hiring, alongside risk management solutions like trade financing while driving the Australia commercial banking market growth.
In Australia, the traditional commercial banking market anticipates notable growth in net interest income, amid stiff competition from both global giants and local players. Despite the dominance of major banks, emerging entities such as neobanks and non-bank lenders are making headway with digital-centric offerings, challenging the status quo. Regulatory oversight from entities like APRA and ASIC ensures the integrity of the financial system, while industry associations like the Australian Banking Association and the Mortgage & Finance Association of Australia advocate for member interests and promote industry standards.
As consumer preferences evolve towards digital banking, non-bank lenders are gaining traction, with a notable shift in mortgage market share away from traditional banks. While some neobanks have exited the market, opportunities for growth remain ripe, with venture capital firms bullish on the sector's prospects along with playing a crucial role in the Australia commercial banking market development.
Australia Commercial Banking Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by End-User
Market Breakup by Region
Key players in the commercial banking in Australia follow standard merger and acquisitions, offer low interest rates and improved products/services to support end users in the market.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is estimated to be valued at USD 217.39 Billion in 2024.
The market is projected to grow at a CAGR of 3.90% between 2025 and 2034.
The commercial banking market is expected to reach USD 318.71 Billion in 2034.
The market is categorised according to its product, which includes project finance, capital market, treasury management, commercial lending, syndicated loans, and others.
The key market players are JPMorgan Chase & Co., State Bank of India, Australia, Fidante Partners Limited, Westpac Banking Corporation, Citigroup Inc., and others.
The market is driven by factors that include increasing digitalisation, rising new neo-banks and non-bank lenders, improved interest rates, among others.
The market is categorised according to its end-user, which includes transportation and logistics, construction, media and entertainment, healthcare, and others.
The Australian banking sector comprises of 95 banks.
The Australian banking sector follows Oligopoly structure that uses pricing power to the detriment of consumers.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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