Yesterday Bankwest claimed to be Australia's fastest growing bank, across deposits, credit cards and mortgages in 2006. Bankwest's total deposit balances increased by 27.5 per cent last year, according to the latest data from the Australian Prudential Regulation Authority (APRA), which is well above the average industry growth of 10.5 per cent. Its deposits share now stands at 3.81 per cent, up from 3.3 per cent in 2005. Mortgage lending grew by 27 per cent in 2006, lifting Bankwest's national share from 2.72 per cent to 3.1 per cent. Bankwest's credit card business increased by 55.6 per cent, going beyond the industry average of 11.2 per cent.
Applying for the right credit cards is not as simple as looking at the cards interest rate. You need to consider your spend any repayment habits............Details
By yesterday\'s deadline, David Jones received offers from almost a dozen banks and financial service companies for a role in its general purpose credit card.............Details
The Commonwealth Bank of Australia (CBA) reported a $2.27 billion profit for the first half of the 2006/07 financial year, an increase of 19 per cent.............Details
The latest figures from the Reserve Bank of Australia (RBA) show that at the end of last year total household debt was $962 billion.............Details
The Insolvency and Trustee Service Australia has mapped out bankruptcies in Sydney for the first time, finding that southwest and western suburbs had the highest increase in personal bankruptcies across all ages.............Details
Research released by MWE Consulting indicates that ATM's hold 93 per cent of cash distribution of debit-card transactions over Eftpos cash out options.............Details
