Australia

Details

  • Industry: Financial Services, Banking
  • Type: Survey report
  • Date: 6/11/2007

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 survey of financial institutions offers a detailed, authoritative review of performance and trends across key sectors of banking and finance.

Building Societies and Credit Unions Survey 2007 

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 strong growth in 2007, despite increased competition from banks for their members’ loyalty.

 

Building societies achieved asset growth of 11.2 percent and credit unions 11.6 percent. These figures include securitised assets.

 

Profitability for building societies increased 14.3 percent over the previous year and credit union operating profit after tax increased by 16.4 percent in 2007. These strong results were built on asset growth, control over costs and a very favourable bad debts experience.

 

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