Perspectives - Major Banks Analysis - November 2007


Major Banks Full Year Results - November 2007

The five major banks in Australia - ANZ,CBA, NAB, Westpac and St George - have shown resilience during the recent global credit market turmoil, and reported an impressive combined cash earnings growth in FY07 of 14.7% over the prior year.

The robustness of Australia’s banks in the face of the crisis helped them avoid some of the negative perceptions that have dented the reputations of other institutions both at home and abroad in what has transpired to be an important test of confidence.

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Webcasts

Watch short commentaries in our webcast pages on the major banks' FY07 results and analysis of some key trends:

Michael Codling
Michael Codling
Banking and Capital Markets Leader, PwC
Results Analysis		 Michael Codling
Michael Codling
Banking and Capital Markets Leader, PwC
Impact of the Credit Crunch		 Peter van Dongen
Peter van Dongen
Partner, PwC
Performance of the Wealth Management Businesses		 Glen Noonan
Glen Noonan
Partner, PwC
Simplification and Efficiency
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Major Banks Analysis - November 2007