Australia

Details

  • Industry: Financial Services, Banking
  • Type: Survey report
  • Date: 24/10/2006

Building Societies and Credit Unions (Mutuals) Survey

Building Societies and Credit Unions Survey
KPMG's annual Financial Institutions’ Performance Survey includes coverage of building societies and credit unions.

Financial Institutions Performance Survey

Financial Institutions Performance Survey
KPMG's annual Financial Institutions' Performance Surveys offers a detailed, authoritative review of performance and trends across all key sectors of banking and finance.

Building Societies and Credit Unions Survey 2006 

KPMG's annual Financial Institutions' Performance Survey includes coverage of building societies and credit unions.
Building Societies and Credit Unions Survey cover
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Building societies and credit unions achieved respectable growth in 2006, despite increased competition from banks for their members' loyalty.

 

Building societies achieved asset growth of 11.9 percent and credit unions 10.8 percent. These figures include securitised assets.

 

Profitability for building societies increased 12.4 percent over the previous year and credit union operating profit after tax increased by 16.4 percent in 2006.

 

Banking

KPMG’s Banking practice in Australia is well placed to help clients successfully navigate challenging times and capitalise on opportunities.