• Industry: Financial Services, Banking
  • Type: Survey report
  • Date: 6/11/2012

Major Banks Survey

Major Australian Banks 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 2012 

Australia's major banks (the majors) have posted another solid profit for the 2011-2012 full year however challenges lie ahead as they position for a shifting banking landscape. They are manoeuvring their businesses through a new paradigm where tougher regulation, a weaker economy and changing consumer behaviour converge.
Major Australian Banks Survey Year End 2012 cover
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    The majors' cash profit after tax of $25.2 billion for the 2011-2012 full year, was up 3.7 percent from last year's cash profit of $24.3 billion, reflecting healthy domestic performance, according to KPMG's survey of Major Australian Banks Full Year 2012.


    Key insights

  • Reduced margins reflecting the continued high cost of funding which was not fully recovered by increases in lending rates.
  • Continued cost containment as the majors respond to falling revenues and increased costs of regulatory compliance.
  • Weaker investment management results reflecting subdued equity markets and an outflow of funds as investors demonstrate a more cautious approach to their investment strategy.
  • Increased capital levels in response to regulatory moves to improve the quantity and quality of capital held across the global banking system.
  • The performance of the majors for the remainder of 2012-2013 will depend largely on how they change operating models to respond to this changing landscape.

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