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International Source of Fund
INTERNATIONAL SOURCE OF FUND
AUSTRALIAN BANKS
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WORD COUNT – 2,460
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Executive Summary:
In this report analysis will be done on the source of international fund of Australian banks. Since deregulation of fincial market, international fincial market has become a cost effective alternative. Four big banks and two smaller banks have been taken for the analysis. At first an introduction has been provided on the chosen topic and also on the banks which have been chosen for analysis. Then research literature review has been done. Literature review has been done on foreign currency liability. Each of the six bank’s foreign currency liability has been summarized based on the study of the annual reports of respective banks.
Then analysis has been done based on the collected research data. Firstly comparison has been made on each bank’s international source of fund over time. Then comparison has been made between big four and smaller two bank’s international source of fund. After that impact of global fincial crisis on international source of fund has been analyzed, both for pre and post period.
Then recommendations have been made regarding the fincial policy which can be drafted by Australian Government to stabilize commercial banks. In the end, conclusions have been drawn based on the study of the whole project.
Contents
Executive Summary:    2
1. Introduction:    4
2. Research – Literature Review:    5
2.1 Foreign currency liability:    5
2.2 Foreign currency liabilities of each bank:    6
3. Analysis:    7
3.1 Comparison of each bank’s international source of fund:    8
3.2 Comparison between big four and smaller two bank’s international source of fund:    8
3.3 Impact of global fincial crisis on international source of fund:    9
4. Recommendations of suitable financial policy:    10
5. Conclusions:    11
References:    12
1. Introduction:
International source of fund has become very popular among banks all over the world. These are very useful in non trade international operations. After deregulation of fincial market in Australia, Australian banks also turned towards international finance market as a cheap alternative. Banks and finical institutions which operate at the international market give finances to other banks by means. Four big Australian banks which have been chosen for this report are Australia and New Zealand Banking Group (ANZ), National Australia Bank (NAB), Commonwealth Bank of Australia, and Westpac Banking Corporation. Two smaller banks which have been chosen for this report are Bank of Queensland and Macquarie Bank.
Australia and New Zealand Banking Group has the ranking of second largest bank in Australia in terms of assets and has the ranking of third largest bank in Australia in terms of market capitalisation. It has around nine million customers all over the world with its 51,000 employees. In Australia the bank has around 570 branches. The bank operates in Australia, New Zealand as well as in Asia Pacific regions.
Commonwealth Bank of Australia operates in Australia, New Zealand, Asia, UK and USA. It is the largest company listed on Australian Securities Exchange. The bank has around 1,100 branches and 51,800 employees. There were allegations of fraud, deception, and money laundering against the bank.
National Australia Bank (NAB) has the ranking among four largest Australian financial institutions in terms of earnings , market capitalisation and customers. The bank was listed as 50th largest bank in the world in terms of asset and 21st largest bank in the world for market capitalization. It operates only in Australia and has about 35,063 employees.
Westpac Banking Corporation is the oldest Australian bank operating for 202 years. The bank has around 1,204 branches with 14 million customers and employs around 40,000 people. It serves almost worldwide.
Bank of Queensland is one of the oldest Australian banks operating for 157 years with around 252 branches all over Australia with another 1,903 employees. The bank has an 88% customer satisfaction rate.
Macquarie Bank operates in 25 countries and employs around 15,715 staffs. It is the largest infrastructure asset manager in the world. It provides other financial services as well like mergers and acquisition, asset management, equity trading, wealth management, etc. It is also a deposit banking institution. It is one of world's largest corporate collections of Australian art. The bank is famous for its philanthropic works as well.
2. Research – Literature Review:
To understand the topic well the past researches by scholars and other researchers have been studied in the form of articles, books, etc. The timeline of the research articles have been kept from 2008 till date so that the relevance of the topic can be maintained. The annual report of the chosen companies has also been studied to understand the foreign currency liability of each of the six chosen banks so that later comparisons can be drawn.
2.1 Foreign currency liability:
Foreign currency liabilities are that corporate finance of a company which is denominated in foreign currency and...