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Market capitalization of the big four banks in Australia 2020

The four major banks in Australia were affected by the recent downturn in economic activity caused by the coronavirus (COVID-19) pandemic. While the Commonwealth Bank of Australia reported a market capitalization of just over 141 billion Australian dollars at the end of 2019, all the other leading banks in the country reported significantly lower figures by the end of March 2020.

What is market capital?

Market capital, also referred to as market cap, 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.

Due to the uncertainty caused by the coronavirus pandemic, Australia’s banks experienced drastic changes in their market cap over the first half of 2020. Most businesses in Australia in the finance industry anticipated adverse impacts due to the coronavirus outbreak.

Market capitalization of the big four banks in Australia as of March 31, 2020

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Release date

May 2020



Survey time period

as of March 31, 2020

Supplementary notes

* Value as of December 31, 2019.

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Statistics on "Banking industry in Australia"

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