Innovating for growth

Major Banks Analysis November 2014

Major banks in a minute

Read now


Our latest issue Innovating for growth provides analysis of Australia's four major banks year-end results and insights into what's underpinning performance, what's threatening to disrupt it and how the innovation imperative requires a change of pace.

Key highlights from the publication:

  • Australia's major banks have delivered a 5.6 per cent rise in combined underlying cash earnings of $29 billion after tax for the full year.
  • A further fall in bad debts combined with growth in core earnings and a rebound in credit demand helped underpin the record result.
  • Innovation and disruption are not new topics, but the immediacy and magnitude at which they’ve hit the Australian banking system brings a new awakening to a system which will need to leap into a new future.