Latest news (24,989 items)

1,750 fewer branches

APRA counted 3,280 bank branches at June 2002, compared with 4,710 counted by the Reserve Bank in 2001. read more

Internet access excluded

The APRA data is interesting and useful and in at least one respect, deficient. The fastest growing point of access to the banking and payments system is the internet. read more

ATM market shrinks

APRA reported 12,430 ATMs at June 2002, which compares with 14,710 reported by the Australian Payments Clearing Association as of the same date. read more

ANZ hopes to slash Eftpos, ATM costs

While on the subject of Eftpos and ATM machines, ANZ Bank's chief operating officer, David Boyles last week told the CIO 2003 conference in Sydney that the bank's program to replace its fleet of 50,000 plus Eftpos terminals, as well as upgrade the switching capacity of more than 1,500 ATMs would lead to cost outcomes that were "expected to be 50 per cent of the previous environment." read more

Third party loan processors not wanted

Hunt said the bank had a variety of inefficient processes. "Any organisation that achieves the sort of growth rates we have, there are certain processes that are aging. read more

Community Banks improving

Bendigo has about 87 franchised bank branches, or "community banks", a network established more than four years ago and now a vital source of deposit and loan growth for the bank, as well a cheap (and subsidised) entry into local markets under serviced by major banks. read more

Delinquent loans rising

Bendigo Bank's asset quality is high and improving. Total non accrual loans, at $15.5 million, are less than half the level one year ago and 25 per cent less than six months ago, and the bank's provisions are equal to more than three times identified non accrual loans. read more

Page 2253 of 2272 | Total articles: 24989