Australia’s economic performance is the most important driver of the financial performance of our banks who recovered well from last year.
KPMG’s Major Australian Banks Full Year Analysis Report 2020 finds that the Majors reported a combined cash profit after tax from continuing operations of $17.4 billion, down 36.6 percent on FY2019.
KPMG analysis finds that the Australian major banks (‘the Majors’) have reported a decline in aggregate cash profits for the first half of 2020.
The Australian major banks (“the Majors”), like many other businesses, are dealing with substantial economic and regulatory headwinds.
KPMG analysis finds that the Australian major banks (‘the majors’) have reported a continued decline in aggregate cash profits for the first half of 2019. KPMG’s Major Australian Banks Half…
KPMG Major Australian Banks Full Year Analysis 2017-18
New KPMG research finds that the Australian major banks (‘the majors’) are facing a challenging new era of industry transformation, reporting a decrease in aggregate profits for the 2018 half year.
How will fintech, one of the fastest-growing sectors in the global financial services industry, fit in and alter the Australian landscape?
The Australian major banks (‘the majors’) continue to adapt to tougher market conditions, reporting a modest increase in aggregate profits for the 2017 full year.
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.
There is an increasing global perception that banks put shareholders’ and executives’ interests ahead of their customers and the community. This perception is more real for banks than for other…
Australia’s big four banks (“majors”) reported an aggregate three percent fall in profit in the first half of 2015-2016, attributed to two major factors: increasing non-performing loans and higher capital…
The Australian major banks (the majors) this FY15 reported another record earnings result, but return to shareholders is down as the banks face an accelerating pace of change and compounding…
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