The relative performance of Australian listed banks against their Asian peers, in terms of growth in market capitalisation, has been analysed by S&P Global Market Intelligence, using data from SNL Financial.For the top 20 Asia-Pacific banks, generally, the overall SNL Asia-Pacific Bank Index has moved up by 10.51 per cent since the start of the year.S&P also split the index into more specific components and found that the SNL Australian & NZ Bank Index (which includes all listed banks across Australia and New Zealand indexes) has been the second-worst performing region across Asia-Pacific, declining by 9.78 per cent in the first nine months of calendar year 2016.SNL data showed that in the quarter ended September 30, two of Australia's Big Four banks (ANZ and NAB) each moved a spot higher on the top 20 list, while CBA and Westpac maintained their top ten rankings.  CBA remained Australia's largest bank by market cap at number five, valued at US$95.3 billion; Industrial & Commercial Bank of China remained the region's number one bank by market cap, valued at US$233.3 billion. The analysis from S&P and SNL Financial was echoed in a media briefing yesterday with Robert Buckland, Citi's chief global equity strategist. Preparing to ride the cyclical stocks as they enter a recovery phase - and financials are in that group - Buckland said: "Our bank strategy is to be is overweight in Europe the US and Japan and emerging markets".However, when it came to holding shares in Australia's listed banks, Citi's head of Australian equity strategy Tony Brennan said his team was "recommending a moderate underweight position".