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Banks in Australia

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    Report

  • 45 Pages
  • May 2024
  • Region: Australia
  • MarketLine
  • ID: 5992409
Description Jump to:
Banks in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers.
  • The Australian banks industry group recorded assets of $4.62 trillion in 2023, representing a compound annual growth rate (CAGR) of 7.4% between 2018 and 2023.
  • The bank credit segment accounted for the industry group's largest proportion in 2023, with total assets of $2.55 trillion, equivalent to 55.3% of the industry group's overall value.
  • In 2023, the revenue of the Australian banks industry group witnessed an annual growth of 1.0% due to the rise in lending interest rates. According to the Reserve Bank of Australia, in 2023, the lending interest rate in Australia reached 7.5%, up from 4.5% in 2021.

Scope

  • 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

Reasons to Buy

  • What was the size of the Australia banks market by value in 2023?
  • What will be the size of the Australia banks market in 2028?
  • 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?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What have been the recent M&A activities?
8 Company Profiles
8.1. ANZ Group Holdings Ltd
8.2. Commonwealth Bank of Australia
8.3. National Australia Bank Ltd
8.4. Westpac Banking Corp
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Australia banks industry value: $ billion, 2018-23
Table 2: Australia banks industry category segmentation: % share, by value, 2018-2023
Table 3: Australia banks industry category segmentation: $ billion, 2018-2023
Table 4: Australia banks industry geography segmentation: $ billion, 2023
Table 5: Australia banks industry value forecast: $ billion, 2023-28
Table 6: Australia banks industry share: % share, by value, 2023
Table 7: ANZ Group Holdings Ltd: key facts
Table 8: ANZ Group Holdings Ltd: Annual Financial Ratios
Table 9: ANZ Group Holdings Ltd: Key Employees
Table 10: Commonwealth Bank of Australia: key facts
Table 11: Commonwealth Bank of Australia: Annual Financial Ratios
Table 12: Commonwealth Bank of Australia: Key Employees
Table 13: Commonwealth Bank of Australia: Key Employees Continued
Table 14: National Australia Bank Ltd: key facts
Table 15: National Australia Bank Ltd: Annual Financial Ratios
Table 16: National Australia Bank Ltd: Key Employees
Table 17: Westpac Banking Corp: key facts
Table 18: Westpac Banking Corp: Annual Financial Ratios
Table 19: Westpac Banking Corp: Key Employees
Table 20: Australia size of population (million), 2019-23
Table 21: Australia gdp (constant 2005 prices, $ billion), 2019-23
Table 22: Australia gdp (current prices, $ billion), 2019-23
Table 23: Australia inflation, 2019-23
Table 24: Australia consumer price index (absolute), 2019-23
Table 25: Australia exchange rate, 2019-23
List of Figures
Figure 1: Australia banks industry value: $ billion, 2018-23
Figure 2: Australia banks industry category segmentation: $ billion, 2018-2023
Figure 3: Australia banks industry geography segmentation: % share, by value, 2023
Figure 4: Australia banks industry value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the banks industry in Australia, 2023
Figure 6: Drivers of buyer power in the banks industry in Australia, 2023
Figure 7: Drivers of supplier power in the banks industry in Australia, 2023
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Australia, 2023
Figure 9: Factors influencing the threat of substitutes in the banks industry in Australia, 2023
Figure 10: Drivers of degree of rivalry in the banks industry in Australia, 2023
Figure 11: Australia banks industry share: % share, by value, 2023

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ANZ Group Holdings Ltd
  • Commonwealth Bank of Australia
  • National Australia Bank Ltd
  • Westpac Banking Corp

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About the Banks Market

The banking market is a sector of the financial services industry that provides a range of services to individuals, businesses, and other organizations. Banks offer services such as deposit accounts, loans, and investments, as well as other services such as foreign exchange, wealth management, and insurance. Banks are also responsible for managing payments and transfers between customers and other financial institutions. Banks are regulated by government agencies and must adhere to certain standards and regulations. The banking market is highly competitive, with a variety of banks offering different services and products. Banks compete for customers by offering competitive rates, fees, and services. Banks also compete for deposits by offering higher interest rates and lower fees. Some of the major players in the banking market include JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley. Other large banks include U.S. Bank, PNC Financial Services, and TD Bank. Regional banks such as BB&T, SunTrust, and Fifth Third Bank are also important players in the banking market. Show Less Read more

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