Australia’s Banks Rank First on Highest Yields: Riskless Return

Australian banks posted the best risk-adjusted returns among global peers in the past 10 years, attracting investors with rising earnings and the highest dividend yields of the world’s biggest lenders.

Commonwealth Bank of Australia, the country’s No. 1 lender by market value, had the highest returns when adjusted for price swings of the largest companies in the MSCI World Bank Index with a market capitalization of more than $5 billion, the BLOOMBERG RISKLESS RETURN RANKING shows. Westpac Banking Corp. and Australia and New Zealand Banking Group Ltd. ranked fourth and seventh.