Australia

Details

  • Industry: Financial Services, Banking
  • Type: Survey report
  • Date: 17/11/2009

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 2009 

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 have produced a solid result again this year, appearing to have largely 'sidestepped' the most dramatic impacts of the global financial crisis.

 

Both sectors achieved asset growth and the building societies recorded an impressive 10.1 percent growth in underlying profit.

 

Credit unions experienced a 17 percent decrease in underlying profits, due primarily to a significant decline in interest margins.

 

 

Banking

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