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Banks in Australia

Summary
Banks in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Findings
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in Australia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in Australia
- Leading company profiles reveal details of key banks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Australia banks market with five year forecasts

Synopsis
Essential resource for top-line data and analysis covering the Australia banks market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Reasons To Buys
- What was the size of the Australia banks market by value in 2016?
- What will be the size of the Australia banks market in 2021?
- What factors are affecting the strength of competition in the Australia banks market?
- How has the market performed over the last five years?
- What are the main segments that make up Australia's banks market?

Key Highlights
The banks industry profile comprises activities of banks and similar institutions, offering savings, loans, mortgages, and related financial services to consumers and businesses.

The Australian banks industry group had total assets of $3,097.6bn in 2016, representing a compound annual growth rate (CAGR) of 8.9% between 2012 and 2016.

The bank credit segment was the industry group's most lucrative in 2016, with total assets of $1,917.1bn, equivalent to 61.9% of the industry group's overall value

The ARPA continues to show concern over an overheating property market fuelled by what it sees as overly lax lending conditions. Despite record low interest rates (the cash rate was 1.5% as of February 2017) default rates are on the increase. The ARPA is therefore urging lenders to get more detailed information on borrowers’ incomes and expenses and to toughen the requirements for interest only loans amid fears that some borrowers do not actually possess the means to repay the capital or may not be able to in the event of increased interest rates.