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Australian Retail Deposits - Market Insight
Datamonitor, Jan 2011, Pages: 47
Introduction
This report provides statistics on market size, competitor market shares and forecasts on Australian retail deposits. It also provides an overview of regulation, competitor activities, issuer strategy and product innovation including developments in both transaction and savings accounts.
Features and benefits
- Detailed market data, market shares and forecasts are an invaluable guide for Australian deposit-taking institutions.
- In depth insight into product developments and highlight future opportunities for all industry stakeholders.
- Stay competitive by understanding shifting market dynamics and learning how key players are adapting to a challenging environment.
Highlights
- It will be some time before wholesale funding returns to the state it was in prior to the global financial crisis, Australian retail deposits are expected to remain competitive over the next few years. The increasing cost of wholesale funding has caused all Australian banks to revisit their retail deposit strategies.
- It is believed that there is little differentiation on pricing strategies across transaction accounts in Australia. From a consumer perspective, pricing is still the key decision factor. However, where there is less pricing differentiation between accounts and providers, consumers are likely to look at some secondary factors.
- Throughout 2010–15, Australian household deposits are forecast to experience moderate growth relative to the compound annual growth rate (CAGR) of 11.78% recorded over the last seven years. Household deposits are expected to reach A$694bn by 2015, which is equivalent to a CAGR of 8.79%.
Your key questions answered
- Which deposits segments are forecast to grow the fastest in the Australian market and why?
- Who are the key players in Australia and their market share?
- What can Australian FS providers learn from product innovation overseas?
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