The Australian banking system has remained solid during a time when other global banking markets have faltered considerably. However, the low interest rate environment has been putting pressure on growth. Industry revenue is forecast to decline at an annualised 3.4% over the five years through 2015-16, to reach $140.5 billion. With the latest interest rate cuts in May 2015, industry revenue is expected to decline by 6.9% in 2015-16.
Despite revenue decline, the industry's overall profitability and that of individual players remained robust compared with the catastrophic losses in other global markets.
Enterprises in this industry are Australian-owned and -operated 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.