Australia

Australia I China I Hong Kong I India I Indonesia I Japan I Malaysia I Mongolia I Pakistan I Philippines I Singapore I Taiwan I Thailand Commonwealth Bank of Australia wins this year’s award for best bank in Australia. The country’s second-largest bank by assets, CBA beat its closest rivals in financial strength and performance terms. Earning a net interest margin of almost 2.5% and a return on average assets of 1.33% in the latest financial year, CBA benefited from one of the industry’s lowest cost-income ratios to produce a return on average equity of 15.71%.