S&P Report: Australian Regional Financial Institutions Pursue Different Growth Strategies Aug 07
Standard & Poors, August 2007
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.
- Wide Bay Australia Ltd.
- Heritage Bank Ltd.
- Greater Building Society Ltd.
- IMB Ltd.
- Newcastle Permanent Building Society Ltd.
- Home Building Society Ltd.
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- Bank of Western Australia Ltd.
- Suncorp-Metway Ltd.
- Bank of Queensland Ltd.
- Adelaide Bank Ltd.
- Bendigo and Adelaide Bank Ltd.
- Wide Bay Australia Ltd.
- Heritage Bank Ltd.
- Greater Building Society Ltd.
- IMB Ltd.
- Newcastle Permanent Building Society Ltd.
- Home Building Society Ltd.
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