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Foreign Banks in Australia - Industry Market Research Report

Publisher IBISWorld
Published Oct 25, 2024
Length 71 Pages
SKU # IBSS19341136

Description

Foreign Banks in Australia - Industry Market Research Report


Foreign Banks in Australia

The Foreign Banks industry includes domestic subsidiaries of foreign banks, and branches of foreign banks, all of which have grown over the past few years as soaring interest rates has contributed to a sharp rise in revenue. The Reserve Bank of Australia (RBA) maintained a relatively low cash rate over much of the past decade, especially in response to the COVID-19 pandemic to stimulate economic activity. In May 2022, this all changed as inflation rose quickly, leading to the fastest and largest hike cycle on record. These trends combined to ensure an explosion in revenue in 2022-23, especially after a decade of cheap money drove extensive private and corporate borrowing in Australia. Overall, industry revenue is expected to grow at an annualised 9.6% over the five years through 2023-24, to $38.8 billion. This includes anticipated growth of 8.5% in the current year, as interest rates continue their upward trend, albeit at a slower rate.

The industry comprises the banking activities of foreign bank subsidiaries, branches and representative offices in Australia. Foreign banks generate revenue through interest income on loans and advances, and fee and commission income.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

71 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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