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Finance market in good shape despite takeovers

Last week’s takeover of United Credit Union continues a long run of Western Australian financial institutions falling prey to interstate and overseas predators; but surprisingly, this trend has done little to dampen competition.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Branches

4th↓ANZ Banking Group74
5th-National Australia Bank68
6th-Bendigo and Adelaide Bank46
7th-Bank of Queensland22
8th↑Aussie21
24 banks & non-bank lenders ranked by number of branches in WA

Business banking employees

6th↑Rabobank Australia60
7th↑Macquarie Group30
8th↑Bendigo and Adelaide Bank27
9th↓Citibank25
10th↑Latitude Financial Services20
21 business bankers ranked by number of business banking staff (WA)

Number of Employees

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