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Essay / Research Paper Abstract
This 4 page paper starts by outlining the banking industry n Australian and then looks at the pace of Bendigo Bank in that industry. The weaknesses, core competences, organisational structure and current strategies are then discussed. The bibliography cites 8 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEbendigo.rtf
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Unformatted sample text from the term paper:
The first bank t operate in Australia was the Bank of New South Wales, which started trading I 1817, by the nineteenth century there were 26 banks, even at this
stage there was a mixture of operations, some banks operating locally whilst other operated nationally. The financial crash that occupied in the 1890s created a position where there was a
flurry of mergers and acquisitions, but the competitive structure changed again in the twentieth century when a range of private banks sprouted up, the thirty reduced to nine by the
time the Second World War started (Wright, 1999). The patterns in the industry are growth followed by rationalisation. The industry today reflects this history that has continued. Today there
is an oligopoly, with four major banks; ANZ Banking Group, the Commonwealth Bank of Australia, the National Australia Bank and Westpac, and two major insurance companies dominating the banking and
finance market. Regulations are in place to prevent any further concentration of the market and retain a competitive environment (Wright, 1999). The industry is also undergoing change, customers are demanding
more and technology is making itself felt within increased demand and take up for e-banking. The banks are having to respond to this as well as increased international competition.
The economy has impacted on the banking sector, with a slow down in growth, and also a change in the concerns of the banks, in 2000 the major industry concern
was that of an equity market crash, however, the number one concern is now credit risk (Ayling, 2002). One bank that appears to have weathered the storm is that
of the Bendigo Bank. This bank is growing at a string rate, with 230 banks over the country and 2002 seeing a net increase in new customers of 13% (Australian
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