Number of banks reached 88.0 banks in 2018 in Australia, according to the National Central Bank. This is 4.76 % more than in the previous year.
Historically, number of banks in Australia reached an all time high of 88.0 banks in 2018 and an all time low of banks in. When compared to Australia's main peers, number of banks in Indonesia amounted to 115 banks, 42.0 banks in Malaysia, 26.0 banks in New Zealand and 4.00 banks in Papua New Guinea in 2018.
Australia has been ranked 18th within the group of 156 countries we follow in terms of number of banks, 14 places above the position seen 10 years ago.