Australia

Details

  • Industry: Financial Services, Banking
  • Type: Survey report
  • Date: 4/11/2011

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 Year End 2011 

The Major Australian banks (the majors) have weathered global financial conditions and posted a solid profit for 2011. The majors’ statutory profit before tax of $31.9 billion for 2011 was up 12 percent from the 2010 result of $28.5 billion.
Major Australian Banks Survey: Year End 2011 cover
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The majors continue to produce strong results despite European uncertainty impacting global markets and consumer confidence, and the considerable volume of regulatory change currently impacting the sector. 

 

Key insights

  • Continued reduction in the loan impairment charge of 36.9 percent to $5.3 billion compared to $8.4 billion in 2010.
  • Cost containment across the board as the majors look to productivity increases to offset falling revenue growth.
  • Cost to income ratios improved by an average of 0.4 percent from 45.5 percent in the prior year to 45.1 percent in 2011.
  • Stable margins although an underlying improvement in the second half of the year compared to the first half.
  • Strong performance in the New Zealand businesses as loan impairment charges reduce and interest margins improve as customers switch to higher variable rates.

 

 

Financial Institutions Performance Survey - Financial Institutions Performance Survey - Every 6 months 

Banking

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