• Industry: Financial Services, Banking
  • Type: Survey report
  • Date: 6/05/2011

Major Banks Survey

Major Australian Banks Performance Survey
KPMG's annual Financial Institutions' Performance Survey includes coverage of the major Australian banks.

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.

Major Australian Banks Survey Half Year 2011 

Key factors in international markets including sovereign debt levels and political and economic uncertainty have had a minor impact on the results of the majors. Instead the key drivers have been reduced credit demand as customers and businesses remain cautious about spending and increasing debt levels and continued lower loan impairment charges as risks which emerged during the financial crisis abate.
Major Australian Banks: Half Year 2011 cover
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Key insights

  • A reduction in the loan impairment charge of 17 percent to $2.7 billion in H1 2011 compared to $3.3 billion in H2 2010 and $4.5 billion in H1 2010.
  • Positive margin impact from the repricing of risk across the portfolios offset by the increased cost of retail deposits and wholesale funding.
  • Slightly stronger results in the New Zealand operations reflecting a gradual improvement in economic conditions in that market and tight cost control.
  • Improvement in the average cost income ratio as the majors focused on reducing costs given slowing revenue momentum.




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