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S&P Report: Australian Regional Financial Institutions Pursue Different Growth Strategies Aug 07

  • ID: 1820866
  • August 2007
  • Region: Australia
  • Standard & Poors
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FEATURED COMPANIES

  • Adelaide Bank Ltd.
  • Auswide Bank Ltd.
  • Bank of Queensland Ltd.
  • Heritage Bank Ltd.
  • IMB Ltd.
  • Suncorp-Metway Ltd.
  • MORE

Abstract
MELBOURNE (Standard & Poor's) Aug. 10, 2007--Australian regional financial institutions (RFIs) have experienced consistent growth in earnings to-date, on the back of strong loan growth and relatively favorable credit conditions, according to Standard & Poor's Ratings Services in a report published today. The report titled "To Diverge Or Converge: Australian Regional Financial Institutions At A Crossroad", highlights that RFIs are pursuing different strategies to maintain strong growth: organically through new product developments and entering new markets, and inorganically through mergers and acquisitions (M&A). "We believe that if chosen strategies were well executed, rated building societies and regional banks will progressively benefit from greater business diversification and earnings resilience," Standard & Poor's credit analyst Derryl D'silva said. "However, Standard & Poor's...

Companies mentioned in this report are:
- Bank of Western Australia Ltd.
- Suncorp-Metway Ltd.
- Bank of Queensland Ltd.
- Adelaide Bank Ltd.
- Bendigo and Adelaide Bank Ltd.
- Auswide Bank Ltd.
- Heritage Bank Ltd.
- Greater Building Society Ltd.
- IMB Ltd.
- Newcastle Permanent Building Society Ltd.
- Home Building Society Ltd.

Action: General Comment

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Note: Product cover images may vary from those shown
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- Bank of Western Australia Ltd.
- Suncorp-Metway Ltd.
- Bank of Queensland Ltd.
- Adelaide Bank Ltd.
- Bendigo and Adelaide Bank Ltd.
- Auswide Bank Ltd.
- Heritage Bank Ltd.
- Greater Building Society Ltd.
- IMB Ltd.
- Newcastle Permanent Building Society Ltd.
- Home Building Society Ltd.

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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