Australia’s strong economy and housing market, and a reversal of the COVID-related loan loss provisions from 2020 is reflected in the operating profit of Australia’s mutuals
The unleashing of a stronger cooperatives and mutuals sector through implementation of the Hammond Review recommendations “will provide Australian consumers with better choices and more cost effective options.”
Australia’s credit unions, building societies and mutual banks (‘the mutuals’) performed strongly in an environment of low economic growth, interest rates and inflation in 2016. KPMG Australia’s Mutual Industry Review…
This month we launched the KPMG Mutual Fintech Acceleration Program (KPMG mLabs) bringing together seven Mutual ADIs and fourteen fintech startups in a market-first corporate industry sector innovation accelerator. To…
Australia’s credit unions, building societies and mutual banks delivered a vastly different result to the major banks this year. Operating profit after tax for the mutuals fell by 1.5 percent…
