The four most profitable Banks on the Planet - NZ Herald

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Nugget

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http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10815675

Big four Oz banks most profitable on planet
5:30 AM Wednesday Jun 27, 2012


A new international survey has revealed that Australia's big four banks are the most profitable in the world.

The Banks International Settlements annual survey, published yesterday, reported that ANZ, Westpac, NAB and Commonwealth Bank make 20 per cent more profit than their overseas counterparts.

New Zealand banking experts were unconcerned by the survey's findings, particularly about ANZ and Westpac.

Banking ombudsman Deborah Battell said the banks were "transparent", publishing information about their profitability every quarter.

Although her office had received complaints about bank fees in New Zealand, she did not think they had increased in the past year.

Massey University banking expert Professor David Tripe said the results had to be understood in context, noting the Australian economy had not been as badly hit as some by the global financial crisis. And he said their performance could have a positive impact on the New Zealand economy.


"There's less pressure on the banks to pull out of New Zealand and cut back on lending in New Zealand," Tripe said.

"One of the things that may be happening in some countries in central Eastern Europe is that the foreign-owned banks there have been pulling back on their lending because of their weakness in their home countries," he said.

"In the case of ANZ and Westpac, there is not the same pressure for them to do that."
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The Banks International Settlements annual survey, published yesterday, reported that ANZ, Westpac, NAB and Commonwealth Bank make 20 per cent more profit than their overseas counterparts.
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at our expense :/
 
maybe we should whack a super profits tax on them. Its our money their using to get rich afterall :rolleyes:
 
there are plenty of smaller alternatives at least. The government should remove the deposit guarantees though and not support these banks in times of crisis. They have incredible market advantage and with these huge fees and profits should have no issue increasing there asset ratios etc to be able to weather a storm. Dont have a problem with them reeping these profits, provided they go through hard times alone aswell.
 
How much do they make from derivatives???

I asked the question here on SS on how much Australian banks were exposed to derivatives..When the question was provided in graph form, I was completely shocked..Our banks are all professional gamblers too,

I will search and see if I can find the exact details.

Our banks may not be as safe as some make out.

Regards Errol 43
 
SilverMark said:
there are plenty of smaller alternatives at least. The government should remove the deposit guarantees though and not support these banks in times of crisis. They have incredible market advantage and with these huge fees and profits should have no issue increasing there asset ratios etc to be able to weather a storm. Dont have a problem with them reeping these profits, provided they go through hard times alone aswell.
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They should remove the deposit guarantee ? What !!!!! so if they fall in a heap everyone loses their money ? The guv takes a fortune off you & you want them to NOT ensure your remaining money isnt safe ? .. Ferk .....I give up :rolleyes:
 
renovator said:
SilverMark said:
there are plenty of smaller alternatives at least. The government should remove the deposit guarantees though and not support these banks in times of crisis. They have incredible market advantage and with these huge fees and profits should have no issue increasing there asset ratios etc to be able to weather a storm. Dont have a problem with them reeping these profits, provided they go through hard times alone aswell.
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They should remove the deposit guarantee ? What !!!!! so if they fall in a heap everyone loses their money ? The guv takes a fortune off you & you want them to NOT ensure your remaining money isnt safe ? .. Ferk .....I give up :rolleyes:
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Guv cannot help you... It plain and simple does not have the ability or skill to look after you or anyone! I wish people would get that into their head. Rely on guv to keep your money safe is like rely on FEMA during hurricane Katrina. Want to make money safe... DO IT YOURSELF!!!!

Deposit guarantee in the bin

One of the guvs main jobs is to break promises, what makes anyone think they are going to keep this one??? Gov Guarantee LOL!
 
renovator said:
SilverMark said:
there are plenty of smaller alternatives at least. The government should remove the deposit guarantees though and not support these banks in times of crisis. They have incredible market advantage and with these huge fees and profits should have no issue increasing there asset ratios etc to be able to weather a storm. Dont have a problem with them reeping these profits, provided they go through hard times alone aswell.
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They should remove the deposit guarantee ? What !!!!! so if they fall in a heap everyone loses their money ? The guv takes a fortune off you & you want them to NOT ensure your remaining money isnt safe ? .. Ferk .....I give up :rolleyes:
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Two words: Moral hazard

http://en.wikipedia.org/wiki/Moral_hazard
 
fishball said:
hawkeye said:
Greater risk = greater profit.
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& greater losses :P

(goes both ways!)
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Eventually yes. It's like gambling thousands or hundreds of thousands of dollars at a time. Sure, if you are on a lucky streak you can make big money especially bigger than the guy who's only betting $5 at a time.

But when the winning streak comes to an end, you lose big.
 
Lunardragon said:
The Banks International Settlements annual survey, published yesterday, reported that ANZ, Westpac, NAB and Commonwealth Bank make 20 per cent more profit than their overseas counterparts.
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at our expense :/
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No no, it's for our own good. Look at what happens when you don't have banks making massive profits. You get a financial crisis and everyone suffers. Truly, it is not the mining industry that is holding up Australia, but rather the banks who are propping up our country on their Atlas like shoulders.

That's the way it works... right?

Note: sarcasm
 
The 22 million people in Australia pay more bank fees per year than the entire population (314 million) of the USA combined. We are being ripped off blind, and that useless prick Swan won't touch them, instead he demonises the mining industry.
 
Gold kiwi , fishball & 1for! you need to stop eating those funny mushrooms guys . your fkn nuts if you think having nothing to protect your money is a good thing.

Everybody whines & complains about the gov even when they are doing something to protect you against the banks you all bleat so loudly about . people whine about the FHB grant ....its helping you the guarantee ....its helping you. Any sort of subsidy is wasting money .

Why dont you wise up & get some of your taxes back & use everything the gov wants to throw at you Do you really thionk the big end of town rejects anything offered or they are legally entitled to ?

Thats the difference with the smart money they accept everything they are entitled to not take the moral high ground & miss out . Personally i will take every penny im entitled to because i have paid enough tax to choke a horse & every cent i get back from them is still not enough .
 
I feel that Australian banks do not make the majority of their profits from bank charges and interest but rather from derivatives.

For the banks exposure to derivatives, I ask you to have a look at post 4 in the thread Are Australian Banks into derivatives?

Sorry that I cant bring the graph up on this post. I have just started to learn how to bring u tube videos up on to SS.

I am interested to see what you guys think of derivatives in our banking system?

Regards Errol 43
 
And the top four shareholders of the NAB, WBC, CBA and ANZ are ....

HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED
J P MORGAN NOMINEES AUSTRALIA LIMITED
NATIONAL NOMINEES LIMITED
CITICORP NOMINEES PTY LIMITED

From http://www.spankyourbank.com.au/who-are-the-bank-shareholders

"Each year the banks publish an Annual Report. In this, towards the end, is a list of the bank's top twenty shareholders. Our intention was to copy these lists so that we would get an idea of the head-honchos who drive bank profit so relentlessly. As customers we feel we can now start to learn a bit about what drives the banks to treat us so harshly when we look at who is on the list.

In the process of doing this, we discovered something pretty unbelievable. In fact, it's absurd. Banks have shares in other banks.
Um Why???? To make matters even worse, we discovered that the Top 4 shareholders for all four banks are exactly the same."


Coincidence? I don't think so ......
 
"We're through the looking glass here people"

2282_tumblr_m0y2er4vfj1qztjn5o1_500.png
 
Non recourse! Thanks for that post^^^..I will have a good look at them when I am not so tired..

Having a quick look it seems that currency swings could play a big part in the success of financial results in Australian Banks..

Thanks once again for putting up such a detailed post on derivatives..Derivatives, They are pretty hard for me to get my head around some times but at least I try to learn of the implications they can have on the banking systems such as exist in Australia.

Regards Errol 43
 
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