Foreign banks are on the mend after the financial crisis threw them off course. Although revenue growth from 2010-11 has failed to compensate for the large losses in 2008-09 and 2009-10, the industry has been soldiering on. In fact, the number of foreign banks established in Australia has grown despite the challenging operating environment. Asian banks are increasingly establishing a presence here as European banks are scaling back. For many banks, Australia remains a relatively low risk economy, and thus a great opportunity for banks in search of new markets. These banks are taking the opportunity to muscle out weaker European banks.
The Foreign Banks industry comprises the banking activities of foreign bank subsidiaries, branches and representative offices in Australia. Foreign banks generate revenue through investments, interest income on loans and advances and fee and commission income.
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.