Australian Banking Sector
Stock Code
Stock Exchange
Australia and New Zealand Banking Group (ANZ) is actively involved in providing a range of banking and financial products and services to retail, small business, corporate and institutional clients. ANZ listed on the ASX on 30 September, 1969. The Company operates mainly in Australia and New Zealand. ANZ has its business operations also across the Asia Pacific regions, and in various other countries, including the United Kingdom and the United States. ANZ head office is based in Melbourne, where it first opened an office as the Bank of Australasia in the 1830s.
Stock Code
Stock Exchange
Bank of Queensland (BOQ) is a company engaged in the provision of financial, banking and related services. It operates network in New South Wales, Queensland, ACT, Victoria, Western Australia and Northern Territory. BOQ was listed on the Australian Stock Exchange on the 24th of August 1971. Its average annual revenue reaches approximately AUD$500 million. Its headquarters is located in Brisbane, Australia. Bank of Queensland operates mainly in two business division: personal banking and business division.
Stock Code
Stock Exchange
Bendigo and Adelaide Bank Limited (BEN), formerly called the Bendigo Bank Limited is an Australia-based company engaged in providing its clients with a range of finance and banking services such as retail and business banking, commercial finance, foreign exchange and treasury services, funds management, financial advisory, trustee services as well as superannuation. BEN was listed on the Australian Stock Exchange on the 19th of December 1985. Its average annual revenue reaches approximately AUD$1.2 million.
Stock Code
Stock Exchange
Adelaide Bank Ltd (ADB) is an Australian-based company engaged in providing business and retail banking as well as all kinds of electronic banking services, lending and insurance services. ADB was listed on the Australian Stock Exchange on the 28th of May, 1992. Its average annual revenue reaches approximately AUD$1.5 million. Its headquarters is located in Adelaide, Australia. Adelaide Bank Ltd operates mainly in four business units: Business Lending, Wealth Management, Wholesale Mortgages and Retail Banking.
Stock Code
Stock Exchange
National Australia Bank is a group of companies which provides banking and financial products and services to individuals, small business and corporations. NAB was listed on the ASX on 1 January, 1974. National Australia Bank is one of the leading Australian banks and also has operations located in New Zealand and UK. In UK they operate through Cyldesdale bank and Yorkshire Bank, while in Nez Zealand they operate under the Bank of New Zealand brand.
National Australia Bank (NAB) Company History
The Australian Banks underperformed the market by 0.7%.The Macquarie Research Equities (MRE) highlights about the Australian Banking Sector Impacts.
Which Banks to Support?
The Australian Banks underperformed the market by 0.7% last week, yet still trade well below their November 2007 highs. Macquarie Research Equities (MRE) highlight their sector picks as WBC and CBA given stronger balance sheets, low risk loan portfolio’s and lower exposure to offshore earnings. MRE assess the week in passing and reaffirm their sector guidance…
Here is an Australian banking sector update from Australian market analyst UBS.
Labor Govt keeps the Four Pillars Policy
Rudd Government is committed to the four pillars policy:
Here is an update on Australian Banking Sector from market analyst Macquarie Research Equities.
Credit growth, goodbye to the highs
April credit growth 0.4%: business 0.1%, personal 0%, housing 0.7%:
The subprime mortgage crisis has created a credit squeeze. The credit crisis has led to increased costs of debt and the lack of investor interest to refinance existing debts, which lead to the collapse of RAMS home loans and also the recent end for packaged mortgages (also called securitisation). Higher interest rates are expected as non-bank lenders cannot offer home loans as a result of the credit crisis. Since non-bank lenders are out of the picture, the lack of competition means higher interest rates.
Here is an update on the Australian banking sector provided by Australian market analyst UBS.
Results and M&A - an eventful month
Reporting season surprised on the upside:
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Top 50 Public Companies Listed on the Australian Stockmarket as at 18/07/2008
- BHP Billiton
- Commonwealth Bank of Australia (CBA)
- Rio Tinto
- National Australia Bank (NAB)
- Telstra (TLS)
- News Corporation or NewsCorp (NWS)
- Westpac Banking Corporation (WBC)
- Woodside Petroleum Limited (WPL)
- ANZ
- Woolworths Limited (WOW)
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- Fortescue Metals (FMG)
- CSL
- QBE Insurance
- St. George Bank Limited (SGB
- Newcrest Mining Limited (NCM
- Origin Energy Limited (ORG)
- Maquarie Group (MQG)
- AMP Limited (AMP)
- Leighton Holdings (LEI)
- Suncorp-Metway Limited (SUN)
- Brambles Limited (BXB)
- Santos Limited (STO)
- Coal & Allied (CNA)
- Incitec Pivot (IPL)
- Foster’s Group Limited (FGL)
- Orica Limited (ORI)
- BlueScope (BSL)
- AXA Asia Pacific Holdings Limited (AXA)
- Woodside Petroleum Limited (WPL)
- Insurance Australia Group Limited (IAG)
- Stockland (SGP)
- Lihir Gold Limited (LGL)
- Qantas Airways Limited (QAN)
- Oxiana Limited (OXR)
- Sims Group Limited (SGM)
- AGL Energy Limited (AGK)
- OneSteel Limited (OST)
- Transurban Group (TCL)
- Oil Search Limited (OSH)
- Coca-Cola Amatil Limited (CCL)
- Crown (CWN)
- Alumina (AWC)
- ASX (Australian Securities Exchange)
- Macquarie Infrastructure Group (MIG)
- Telecom Corporation of New Zealand (TEL)
- Computershare Limited (CPU)
- Aneka Tambang (Persero) TBK (ATM)
- Tabcorp Holdings (TAH)