ANZ’s share of business lending drops in 2004
ANZ’s share of wallet – ANZ’s share of its primary business customers’
overall spend with banks – has also dropped significantly in both segments.
East & Partners principal analyst Paul Dowling said the business lending market
in Australia continued to grow but had become increasingly competitive.
"There’s been some evidence of ANZ shifting accounts it no longer wanted as well
as some disconnect regarding whether product specialists or relationship
managers own the relationship with its business customers," he said.
"A lot of our competitive pitching data shows that ANZ is among the most active
chasers of new accounts. If existing customers are being neglected as a result,
loss of wallet share can only be expected," Mr Dowling said.
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Notes:
- Primary Market Share means percent of customers with principal lending relationships with ANZ.
- Average Customer Wallet Share means average percent of customer’s total business.
- Corporate & Institutional Market is defined as the Top 500 corporates in Australia based on annual revenues.
- Commercial Market is defined as enterprises turning over A$20-340 million per annum.
For more information please contact:
Paul Bartholomew
Senior Consultant
Tel: +61-2-9222 1588
Mob: +61-410 400 156
paul.b@eastandpartners.com