• Contact
  • Feedback
Banking Day
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

CBA takes a tumble in the customer satisfaction ratings

26 August 2014 3:37PM
Commonwealth Bank has taken a hit to its business and consumer satisfaction ratings over the past few months, as it deals with a worsening financial planning scandal.Roy Morgan Research reported that CBA maintained the highest consumer satisfaction rating among the Big Four banks in July - but its rating has slipped while those of ANZ and Westpac have increased.And according to DBM Consultants' latest Business Financial Services Monitor, CBA has lost the top rating among business customers that it had held since the middle of last year.In both surveys the biggest improver in recent months has been Westpac, which is closing in on CBA's lead in consumer ratings and overtook CBA in business satisfaction in June.In the Roy Morgan Survey, Victoria Teachers Mutual Bank has the highest overall ratings, with a remarkable 98.1 per cent of customers saying they are satisfied with the service they receive. HSBC Bank Australia is at the bottom of the pack with a rating of 76.6 per cent.In the DBM survey, which only measures the big banks, Westpac is most popular with micro and small businesses, while CBA maintains its top rating among medium and large businesses.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use