2015 marks the return of solid growth for Australia’s credit unions, building societies and mutual banks (the mutuals) as total assets grew by 7.4 percent and overall profitability remained strong.
KPMG’s Mutual Industry Review 2015 provides an analysis of the performance and role of the mutuals in Australia’s financial services sector, based on financial results analysis together with a survey of industry participants to gain their perspectives on the risks, challenges and opportunities facing the industry.
The Review identifies six key trends benefitting the mutuals:
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