The Australian Finance subdivision faces uncertain times, with the return of unsettled trading conditions spoiling a relatively prosperous 2010-11. Global financial market conditions have deteriorated rapidly over the past six months and growth has stalled in some of the world's largest economies. The barrage of bad news from afar has undermined Australian business and consumer confidence. This has fed into a number of key economic outcomes such as unemployment, credit demand and house prices. This does not bode well for the Australian Finance subdivision for 2012-13.
The Finance subdivision covers firms providing financial services (excluding insurance) in Australia. The most significant industries within the Finance subdivision are building societies, credit unions, domestic banks and foreign banks.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.