Adapting to a challenging environment: KPMG major Australian banks half year analysis

KPMG finds the Australian major banks (‘the majors’) continue to perform well and adapt their businesses, reporting an increase in aggregate profits for the first half of 2017. KPMG’s Major Australian Banks Half Year Analysis Report 2016-17 finds that the majors reported a cash profit after tax of $15.6 billion for the 2017 half year, up 6.2 percent (compared to the first half of 2016). The positive result was achieved in spite of the challenging environment of margin erosion and rising regulatory capital.

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Adapting to a challenging environment KPMG Major Australian Banks Half Year Analysis 2016-17

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