The top 4 Australian banks are all ranked in the top 10 in terms of Asia’ s most profitable banks profitable Stable The 2008-09 Global Competitiveness Report ranked the soundness of Australia s banking sector 4th in the world out of 134 countries
The top 4 Australian banks are all ranked in the top 10 in terms of Asia’s most profitable profitable banks . Stable profitable The 2008‐09 Global Competitiveness Report ranked the soundness of Australia’s banking sector 4th in the world, out of 134 countries
Figure 5: Bank profitability by country Source: OECD, Bank Profitability: Financial Statements of Banks, 2003. Figures are for 2001 reporting year. Figures show percentage Return on Assets (ROA) igher profit margin Switzerland 8.8(%ROA) Finland USA 1.78 New Zealand 1.50 Medium profit margin UK 1.19 Norway 1.17 1.13 Sweden 1.09 Denmark 1.07 Canada 1.00 Lower profit margin Spain 0.91 France 0.69 Netherlands 0.68 0.63 Germany 0.26
Figure 5: Bank profitability by country Source: OECD, Bank Profitability: Financial Statements of Banks, 2003. Figures are for 2001 ti Fi h t R t A t (ROA) Higher profit margin Switzerland Finland 8.8 (% ROA) 2 13 reporti ng year. Figures s how percenta g e R eturn on Assets (ROA). Finland USA New Zealand 2.13 1.78 1.50 Medium profit margin Australia 1.3 UK Norway 1.19 1 17 Italy Sweden 1.17 1.13 1.09 Denmark Canada 1.07 1.00 Lower profit margin Spain 0 91 France Netherlands 0.91 0.69 0.68 Belgium Germany 0.63 0.26
One of the safest banking systems
One of the safest banking systems
Figure 4: Credit card default rate 2 05 1999 2000 as at June Source: Visa International. the credit card Report, November 2002
Figure 4: Credit card default rate Source: Visa International, The Credit Card Report, November 2002
Reserve bank of Australia Australian Prudential Regulation Authority Foreign bank (Building socIety Australian-owned Banks Credit union) (commercial banks, big four) 44 authorized 14 authorized
Reserve Bank of Australia A li ustralian P d il ru ential Regulation Authority F i b k financial intermediaries Australian‐owned Banks (commercial banks, big four) Foreign bank (Building society Credit union) 44 authorized 14 authorized