The Australian banking system has remained solid during a time when other global banking markets have faltered considerably. Industry revenue over the five years through 2012-13 is forecast to decline an annualised 0.7% to reach $208.6 billion in 2012-13. Although profit dropped in 2008-09 as margins slipped and revenue fell, the industry's overall profitability and that of individual players remained robust in contrast to the catastrophic losses experienced elsewhere across the globe. Australia's banks were shielded from spiralling global funding costs by the Federal Government's wholesale funding guarantee.
Enterprises in this industry are recognised as Australian-owned banks and Australian operational banks engaged in banking activities. National and regional banks generate revenue through investments, interest income on loans, advances, fees 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.