Hot Topic: Transformation
As identified in our major banks analysis below, it’s a new era for banking. In this new environment, how can institutions ensure they focus on preparing for the future, whilst resolving the problems of the past and present?
In this Hot Topic, we describe four critical behaviours at the heart of execution and change and consider what they mean in this new era.
The major banks delivered a surprisingly solid set of half year financial results, however the figures only reinforce that the fundamental long-term headwinds facing the industry continue to gather pace. Increasingly difficult lending conditions, slowing credit growth, and signs that the credit quality cycle is turning are setting the scene for a new era of banking in Australia.
Leader - Banking and Capital Markets, PwC Australia
Tel: +61 3 8603 0137
Banking & Capital Markets Director, PwC Australia
Tel: +61 3 8603 2065
Banking & Capital Markets Partner, PwC Australia
Tel: +61 3 8603 0639