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Articles by David Walker
David Walker contributes to The Bank Investor and its sister publication, Banking Day.
Bank of Queensland lowers target return on equity 
Bank of Queensland suffered a 13 per cent fall in earnings for the year to August 2011, due to a big increase in its bad debt charge. The profit improved in the second half, however.
Net profit fell from $181.9 million to $158.7 million. Earnings per share fell from 77 cents to 63.1 cents and the ... More
Cost cuts needed to position banks for revenue bonanza
Revenue from emerging markets, including China, will account for 47 per cent of all banking industry revenue in 2020, projections by McKinsey & Company say. At present, these markets account for 33 per cent of revenue.
Of this, 16 percentage points of industry revenue in 2020 will be generated by ... More
NAB strides along in mortgage market
National Australia Bank continues to grow at well above system in the home loan market. Australian Prudential Regulation Authority data shows that NAB increased its home loan book by 0.8 per cent in July – twice the rate of growth of housing credit overall. NAB has maintained this rate of growth, ... MoreBroking turnover rises for YBR
Yellow Brick Road is making modest progress in generating more revenue from mortgage broking and related financial services’ business. The 2011 financial statements show that YBR earned A$3.8 million in revenue from mortgage broking over the year, or about a third of the $11 million turnover of ... More
Published on Monday, 5 September, 2011
Filed under brokers
Bank profits near boom-time levels
Profits of major banks are almost back to the levels experienced prior to the onset of the global financial crisis in September 2008, the latest overview of the industry published by the Australian Prudential Regulation Authority shows.
The major banks earned a return on assets of 1.1 per cent in ... More
Suncorp's core bank meeting targets
Suncorp Bank says it is earning a return on capital in its "core" banking business of in excess of 15 per cent, though losses from its non-core commercial banking business, which is in run off, continue to limit overall returns from the bank.
The investor presentation for the insurance and ... More
CBA manages for yield
Commonwealth Bank's otherwise strong performance in the 2010/11 financial year was coloured by losses in market share across a number of businesses. The bank lost share in home loans, retail deposits, business lending, business deposits and equity trading.
It also lost share in New Zealand home ... More
Conservatism rules at Bendigo and Adelaide
Bendigo and Adelaide Bank is hoping a tempering of pricing on term deposits will lift margins at a time of rising liquid asset levels, which are climbing both at management's choice and because of customer preference.
The bank put its level of liquid assets at 13 per cent at June 2011. They may ... More
More bank capital needed, argues IMF
The International Monetary Fund has called on Australian financial regulators to adopt higher capital ratios for major banks.
In its annual “statement” released on 7 August 2011, on its periodic dialogue with Australian officials, the IMF wrote that it would “encourage the authorities to consider ... More
Published on Monday, 8 August, 2011
Filed under prudential
