Category: Writing

MB 113 Economics Assessment 2: Group Report Due: Week 11 — At the start of the session (13′ May 2019)
Banking in Australia is dominated by four major banks: Commonwealth Bank of Australia, Westpac Banking Corporation, Australia and New Zealand Banking Group, and National Australia Bank. There are several smaller banks with a presence throughout the country, and a large number of other financial institutions, such as credit unions, building societies and mutual banks, which provide limited banking-type services and are described as authorised deposit-taking Institutions. Many large foreign banks have a presence, but few have a retail banking presence.
Currently, banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, ANZ Bank, and the National Australia Bank. The top four banking groups in Australia ranked by market capitalisation are (refer to the table below):
Rank
2
3
4
Company
Commonwealth Bank ot Australia (CBA)
Westpac Banking Corporation (Westpac)
Australia and Nev,’ Zealand Banking Group (ANZ)
National Australia Bank (NAB)
Market capitalisation (2017) AS139.219 billionN
Cash earnings Total assets (2015) (2016)
A$9.14 billion,’ A5933.078 billion[101
AS106 821 billiont0t
f. , A$7.82 billiont.” A$839.202,.,„ billion’
AS83 599 billionN
A579.465 billion[8]
AS7.22 billiont12t A$914.900 billion110t
A95.84 A$777.622 billiontlot
Table Source: Wikipedia
The ten largest customer-owned banks/credit unions and Mutual in Australia are listed in the table below.
Rank Institution Total assets 1 CUA A$9.0 billion 2 Heritage Bank A$8.5 billion 3 Newcastle Permanent AS7.5 billion 4 People’s Choice Credit Union A$6.1 billion 5 IMB Bank A54.9 billion 6 Greater Bank A$4.8 billion 7 Beyond Bank Australia A$4.12 billion 8 Teachers Mutual Bank A$4.08[171 billion 9 P&N Bank A$2.9 billion 10 Bank Australia A$2.8 billion
Table Source: Wikipedia
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