CBA leads the way in ITB
(25 June 2008 – Australia) East & Partners’ has released the latest Institutional Transaction Banking Markets Report for May 2008.
The Institutional Transaction Banking Markets Report (ITB) for May 2008 covers the Top 500 companies in Australia. This latest edition of the report includes 437 of the top 500 companies, which is a significant 87.4 percent.
The latest report shows that the market for transaction banking in the Institutional segment is dominated by the Big Four domestic banks who own more than four in every five primary relationships.
CBA leads the way in market share, closely followed by NAB. Both these banks increased their market share over the past six months, moving further away from their main competitors ANZ and Westpac.
However, for the first time NAB is now perceived as the best Transaction Bank in this segment, overtaking ANZ.
The importance of the primary relationship is clearly vital in this segment as big businesses are putting an increased amount of their transaction banking with their primary provider. This was seen against all domestic transaction banking products over the past six months.
The next release of this report is due in November 2008 and will continue to analyse transaction banking market metrics and how they develop of the next six months in this key top 500 segment.
The latest report shows that the market for transaction banking in the Institutional segment is dominated by the Big Four domestic banks who own more than four in every five primary relationships.
CBA leads the way in market share, closely followed by NAB. Both these banks increased their market share over the past six months, moving further away from their main competitors ANZ and Westpac.
However, for the first time NAB is now perceived as the best Transaction Bank in this segment, overtaking ANZ.
The importance of the primary relationship is clearly vital in this segment as big businesses are putting an increased amount of their transaction banking with their primary provider. This was seen against all domestic transaction banking products over the past six months.
The next release of this report is due in November 2008 and will continue to analyse transaction banking market metrics and how they develop of the next six months in this key top 500 segment.