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Essay / Research Paper Abstract
This 3 page paper looks at the five year performance of two Australian banks; Westpac Banking Corporation, a national bank and Adeline Bank, a local bank with only 25 branches. The paper looks at the growth rate and performance of each bank and compares the capital adequacy. The bibliography cites 2 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEwestad.rtf
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Unformatted sample text from the term paper:
assess how the different sectors are dealing with these changes. Westpac Banking Corporation Limited is a large National bank, the fifth largest retail bank in Australia that is currently seeking
to improve its customer performance. As the larger bank it is the bank that is most likely to gain the economies of scale, but also suffer diseconomies of scale. Adelaide
Bank is a smaller regional bank, and although not in the same position regarding economies of scale, concentration in a smaller area with less diversity, as seen with a
company that has only 25 branches, may also be seen as an advantage in difficult conditions. Both banks have shown growth in their latest annual reports. Westpac operating
profit, before tax, has increased over the last five years, for 2002 it was $2,192 million, compared with $1,903 million in 2001, $1,715 million in 2000, $1,456 in 1999 and
$1,342 in 1998 (Westpac, 2002). For Adelaide Bank there was smaller levels of income but there was also growth. The figures are low but the growth patterns in similar, operating
profit before tax was $74 million in 2003, $61 million in 2002, $50 million in 2001, $44 million in 2000 and $43 million in 1999 (Adelaide Bank, 2003). The growth
rates are both healthy, but it is Adelaide that has grown the most over a five year period, despite the actual figures being proportionality smaller. Over five years Westpac
has grown 63% over five years and Adeline has grown at 72%. The increased performance can be looked at not only in finite figures, but also as a measure of
efficiency. The measure used is that of return on equity, before abnormal items. Westpac has a return on equality of 21.7% in 2002, 21.1% in 2001, 18.4% in 2000, 16.8%
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