Major Banks Full Year Results - November 2009
Welcome to Major Banks Perspectives November 2009, PwC's flagship thought leadership piece for Banking and Capital Markets in Australia.
The four major banks have now reported full-year earnings for the 2009 fiscal year and in doing so, show that they have navigated the most challenging period in international banking markets in over 60 years with considerable success. The results for the full year reflect the fact that the economic and financial environment for 2009 in Australia has been more benign than expected at the start of the year.
The report includes:
- An overview of the results and the current banking landscape in Australia
- An analysis of net interest income and, in particular, the increase in margins
- An economics report written by Scott Lennon
- An outlook on the wealth management sector
- A perspective on asset quality and provisioning trends
- A commentary on APRA's proposed changes to prudential requirements for liquidity.
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Contacts
- Michael Codling
- Banking & Capital Markets Leader, Sydney
- Tel: +61 2 8266 3034
Of further interest
