Australian Banking Sector

Australia and New Zealand Banking Group (ANZ)

Stock Code

ANZ

Stock Exchange

ax

Australia and New Zealand Banking Group (ANZ) is actively involved in providing a range of banking and financial products and services to retail, small business, corporate and institutional clients. ANZ listed on the ASX on 30 September, 1969. The Company operates mainly in Australia and New Zealand. ANZ has its business operations also across the Asia Pacific regions, and in various other countries, including the United Kingdom and the United States. ANZ head office is based in Melbourne, where it first opened an office as the Bank of Australasia in the 1830s.

Bank of Queensland (BOQ)

Stock Code

BOQ

Stock Exchange

ax

Bank of Queensland (BOQ) is a company engaged in the provision of financial, banking and related services. It operates network in New South Wales, Queensland, ACT, Victoria, Western Australia and Northern Territory. BOQ was listed on the Australian Stock Exchange on the 24th of August 1971. Its average annual revenue reaches approximately AUD$500 million. Its headquarters is located in Brisbane, Australia. Bank of Queensland operates mainly in two business division: personal banking and business division.

Bendigo and Adelaide Bank (BEN)

Stock Code

BEN

Stock Exchange

ax

Bendigo and Adelaide Bank Limited (BEN), formerly called the Bendigo Bank Limited is an Australia-based company engaged in providing its clients with a range of finance and banking services such as retail and business banking, commercial finance, foreign exchange and treasury services, funds management, financial advisory, trustee services as well as superannuation. BEN was listed on the Australian Stock Exchange on the 19th of December 1985. Its average annual revenue reaches approximately AUD$1.2 million.

Adelaide Bank (ADB)

Stock Code

ADB

Stock Exchange

ax

Adelaide Bank Ltd (ADB) is an Australian-based company engaged in providing business and retail banking as well as all kinds of electronic banking services, lending and insurance services. ADB was listed on the Australian Stock Exchange on the 28th of May, 1992. Its average annual revenue reaches approximately AUD$1.5 million. Its headquarters is located in Adelaide, Australia. Adelaide Bank Ltd operates mainly in four business units: Business Lending, Wealth Management, Wholesale Mortgages and Retail Banking.

National Australia Bank (NAB)

Stock Code

NAB

Stock Exchange

ax

National Australia Bank is a group of companies which provides banking and financial products and services to individuals, small business and corporations. NAB was listed on the ASX on 1 January, 1974. National Australia Bank is one of the leading Australian banks and also has operations located in New Zealand and UK. In UK they operate through Cyldesdale bank and Yorkshire Bank, while in Nez Zealand they operate under the Bank of New Zealand brand.

National Australia Bank (NAB) Company History

Australian Banking Sector News Update


The Australian Banks underperformed the market by 0.7%.The Macquarie Research Equities (MRE) highlights about the Australian Banking Sector Impacts.

Which Banks to Support?

The Australian Banks underperformed the market by 0.7% last week, yet still trade well below their November 2007 highs. Macquarie Research Equities (MRE) highlight their sector picks as WBC and CBA given stronger balance sheets, low risk loan portfolio’s and lower exposure to offshore earnings. MRE assess the week in passing and reaffirm their sector guidance…

Australian Banking Sector Update


Here is an Australian banking sector update from Australian market analyst UBS.

Labor Govt keeps the Four Pillars Policy

Rudd Government is committed to the four pillars policy:

Australian Banking Sector Updates


Here is an update on Australian Banking Sector from market analyst Macquarie Research Equities.

Credit growth, goodbye to the highs

April credit growth 0.4%: business 0.1%, personal 0%, housing 0.7%:

Credit Squeeze and Non-Bank Lenders


The subprime mortgage crisis has created a credit squeeze. The credit crisis has led to increased costs of debt and the lack of investor interest to refinance existing debts, which lead to the collapse of RAMS home loans and also the recent end for packaged mortgages (also called securitisation). Higher interest rates are expected as non-bank lenders cannot offer home loans as a result of the credit crisis. Since non-bank lenders are out of the picture, the lack of competition means higher interest rates.

Australian Banking Sector Update


Here is an update on the Australian banking sector provided by Australian market analyst UBS.

Results and M&A - an eventful month

Reporting season surprised on the upside:

Syndicate content

Recommended Websites