The Worlds Largest Miner goes from strength to strngth
Announcement made yesterday saw BHP gain 1.5%.
BHP announced its appointment of its new CEO Marius Kloppers a 44 Year South African who has spent his whole life in the sector. The company is pleased with this appointment as it is an internal appointment meaning less instability in the ranks.
As reports showed over the past few days, various investment firms believe the BHP Stock is cheap and on the right track.
An article in the Financial Review stated that BHP is trading at its lowest relative price earning ratio for 19 years.
Thursday, May 31, 2007
Rise in Australian Shares
1.1% Rise in Aussie Shares
Yet again we see another great run for the Australian share market.
Various reports stated that the recent slump in Chinese stocks has slowed and the ripple affect from this lead to Wall Street rising and then in turn Australia's increase.
Australia's leading banking stocks all closed higher.
Yet again we see another great run for the Australian share market.
Various reports stated that the recent slump in Chinese stocks has slowed and the ripple affect from this lead to Wall Street rising and then in turn Australia's increase.
Australia's leading banking stocks all closed higher.
Wednesday, May 30, 2007
Commonwealth Bank and Qantas
News just in
It has been reported that the Commonwealth Bank has increased its stake in Australia's largest airline Qantas.
Back in January the Commonwealth bank held just over 3.7% of Qantas Airlines shares, but its now reported the CBA has spet a further $660 Million and now holds the position of Qantas major shareholder. Commbank now boasts a 7.69% shareholding in the airline.
Well done Commonwealth Bank!
It has been reported that the Commonwealth Bank has increased its stake in Australia's largest airline Qantas.
Back in January the Commonwealth bank held just over 3.7% of Qantas Airlines shares, but its now reported the CBA has spet a further $660 Million and now holds the position of Qantas major shareholder. Commbank now boasts a 7.69% shareholding in the airline.
Well done Commonwealth Bank!
Tuesday, May 29, 2007
Home Loans
Are you looking for a Home Loan?
So you have made the decision to buy a home, this is the first step in owning your own piece of Australia.
When shopping for a home loan its important to find the type of loan that is right for you, their are many options available and not all loans are right for your needs.
The various types of Home Loans on offer in Australia include:
So you have made the decision to buy a home, this is the first step in owning your own piece of Australia.
When shopping for a home loan its important to find the type of loan that is right for you, their are many options available and not all loans are right for your needs.
The various types of Home Loans on offer in Australia include:
- Standard Variable Rate Home Loan - This is the most commonly applied for and used loan in Australia, this loan type is directly based on the Reserve Bank Of Australia. The variable rate home loan is designed to fluctuate with the market, this means at any month, year or quarter your interest rate and interest payments could rise or fall based on the Reserve banks decisions.
- The Basic Variable Rate Home Loan - If your not shopping for features and gymics but are looking for the best low interest rate then this is the type of loan for you. The Basic Variable rate offers (normally) a lower interest rate than the Standard Variable Rate.
- The Fixed Interest Rate Home Loan - This type of Home Loan is great if you like stability in your investments, Fixed Interest means you pay the same rate over a specific period of your loan. The benefits of this are if you have a set income and cant afford for interest rates to rise then this loan provides that security. The down side is if interest rates do drop you are committed to the agreed rate you signed to. If you want to then change your loan you will incur a pentaly.
Banking
In Australia we have so many Banks, so how do you find what you need and what is right for you?
On this Blog we are piecing together various websites we believe can help you narrow down your search. On Banking In Australia we are tring to assist you with the ammunition you need to make a more informed decision on what and where you want to become a banking customer.
We have put together profiles on Australia's major banking options:
Simply browse through the website to learn more and assist in making the right choice!
In the coming months we will be releasing the many tools to assist you making that educated decision, some of the tools we will be releasing include:
On this Blog we are piecing together various websites we believe can help you narrow down your search. On Banking In Australia we are tring to assist you with the ammunition you need to make a more informed decision on what and where you want to become a banking customer.
We have put together profiles on Australia's major banking options:
- www.Westpac.com.au - Westpac Banking Corporation
- www.Commbank.com.au - Commonwealth Bank
- www.NAB.com.au - National Australia Bank
- www.Citibank.com.au - Citibank
- www.HSBC.com.au - Hong Kong Shanghai Banking Corporation
- www.ANZ.com.au - Australia and NewZealand
- www.StGeorge.com.au - St George Bank
- www.BOQ.com.au - Bank Of Queensland
- www.Macquariebank.com.au - Macquarie Bank
Simply browse through the website to learn more and assist in making the right choice!
In the coming months we will be releasing the many tools to assist you making that educated decision, some of the tools we will be releasing include:
- Savings Budget Planner - this tool will assist you to see how much you need to save and how to save it, whether your planning to save for that first home, investment property, new car or an engagement ring for your fiance, this tool will help you achieve your goals.
- Home & Car Loan Borrowing Calculator - if you need to work out how much you need to borrow to buy that new car or property this tool allows you to vary your amount borrowed, repayments, your net income and your estimated interest rate charges based on your saved deposit.
- Home Loan Comparison Calculator - this tool will give you the edge, something the banks dont want you to see. This tool allows you to compare the interest rates and and payment terms and fees against other loans, it will help narrow your search for the right home loan.
- Car, Personal and Home Loan Repayment Calculator - this is a simple tool that assists you to calculate the amount you will be paying off on your loan, you can see results by month, year, week and fortnight to insure you dont overstretch your repayments.
- Savings Calculator - this nifty tool helps you to analyse your savings plan, how much and how long it will take to achieve your goals and what targets is realistic.
- The Extra Loan Repayments Calculator - this tool allows you to check your repayments and to see what will happen if you add an extra $5 - $10 per week or even more, it could save you hundreds of thousands over the term of your loan. See what happens with you dont spend those extra dollars on a cup of coffee in the morning and put it towards your loan.
- Income Taxation Calculator - use this great little tool to see what your tax rate will be at the end of the fincancial year, its a great too that compliments the repayments calculator as it may give you an extra kick to make extra repayments on your loan to lower your interest.
- Credit Cards Comparison - This comparison tool allows you to review all the options available, with hundreds of cards and rewards schemes this tool helps narrow the options. Via this tool yo can search through the lowest rate credit card, the best airlines rewards program or low interest cards, no annual fees or maybe you are more suited to a debit card.
St George Bank
St George
Launched in 1937 St George Bank has quickly risen through the ranks to position itself as Australia's 5th largest bank and one ot the top 15 Australian Publicly Listed Companies (ASX).
St George employ over 8,500 staff and boast excellent service and great people.
The bank has generated $572M Net Profit after preference dividends, this is a 13.9% increase on March 2006.
Cash Profit of $568M an increase of 14.7% and a 13.6% increase on earnings per share.
St George offers clients a multitude of services including:
To learn more about the products and services on offer at St George bank please - click here
Launched in 1937 St George Bank has quickly risen through the ranks to position itself as Australia's 5th largest bank and one ot the top 15 Australian Publicly Listed Companies (ASX).
St George employ over 8,500 staff and boast excellent service and great people.
The bank has generated $572M Net Profit after preference dividends, this is a 13.9% increase on March 2006.
Cash Profit of $568M an increase of 14.7% and a 13.6% increase on earnings per share.
St George offers clients a multitude of services including:
To learn more about the products and services on offer at St George bank please - click here
Monday, May 28, 2007
Citibank
Citibank
Citibank arrived on Australian shores in 1985 as a consumer focused financial institution.
One of the worlds largest financial services companies boasting over 200 million customers in more than 100 countries. The Citibank group first opened its doors in 1812 and now employs over 370,000 staff across the world.
Since 1812 the company has experienced exceptional growth and expansion, Citibank was the first foreign bank to be granted a banking licence in Australia in 1985.
Citibank arrived on Australian shores in 1985 as a consumer focused financial institution.
One of the worlds largest financial services companies boasting over 200 million customers in more than 100 countries. The Citibank group first opened its doors in 1812 and now employs over 370,000 staff across the world.
Since 1812 the company has experienced exceptional growth and expansion, Citibank was the first foreign bank to be granted a banking licence in Australia in 1985.
- Citibank generated revenues of $155.6 US Billion in 2006
- Citibank achieved Net Income of $21.538 US Billion in 2006
- Mortgages
- Credit Cards
- Deposit accounts
- Online Loans
- Investment programs
- Insurance
- Superannuation and Retirment plans
Bank Of Queensland
The BOQ
The Bank of Queensland was established in 1874 under the name Brisbane Permanenet Benefit Building Society before rebranding in 1970. The BOQ now boasts over 200 branches and is one of Australia's top 150 ASX Listed companies.
The Bank of Queensland was established in 1874 under the name Brisbane Permanenet Benefit Building Society before rebranding in 1970. The BOQ now boasts over 200 branches and is one of Australia's top 150 ASX Listed companies.
- The BOQ announced a 21% increase in Net Profit in 2006 up from $67.5M to $82M
- The Bank performed $6.9B in retail deposits, this is up by 18% on the previous year
- An increase in loan approvals of 33% saw the Bank grow to $10B up in o5 from $7.5B
- Dividends per BOQ share rose from 48.c to 57.c in 2006
- Overall Market Cap rose by 33% from $1.2B in 2005 to $1.6B in 2006
- Internet Banking
- Savings & Investment accounts and advice
- Credit Cards
- Personal Loans
- Margin Lending
- Insurance
- Travel Exchange
- Business Loans
- Statutorry Trust Accounts
- Business Credit Cards
- Merchant Services
- Property Finance
Westpac Bank
Westpac
The Westpac bank is Australia's oldest and first bank, established in 1817 and called the the Bank of New South Wales. The Bank changed its name in 1982 to Westpac.
The bank values its tradition and contribution it has made to the Australian public by donating millions of dollars to charities each year. The bank has also established a museum showcasining these achievements over the past years. The Westpac museum is located at 6-8 Playfair Street, The Rocks, NSW.
Westpac has achieved huge results over the past years, in 2006 Westpac reported a record net profit for the first half of the year (to March 06) of $1.47 Billion. Happy shareholders received a significant dividend of 56.c per share.
Services offered at Westpac include:
The Westpac bank is Australia's oldest and first bank, established in 1817 and called the the Bank of New South Wales. The Bank changed its name in 1982 to Westpac.
The bank values its tradition and contribution it has made to the Australian public by donating millions of dollars to charities each year. The bank has also established a museum showcasining these achievements over the past years. The Westpac museum is located at 6-8 Playfair Street, The Rocks, NSW.
Westpac has achieved huge results over the past years, in 2006 Westpac reported a record net profit for the first half of the year (to March 06) of $1.47 Billion. Happy shareholders received a significant dividend of 56.c per share.
Services offered at Westpac include:
- Online Banking
- Online Investing
- Home Loans
- Personal Loans
- Credit Cards
- Savings & Transactional Accounts
- Investments & Superannuation
- Insurance
National Australia Bank
The NAB
The National Australia Bank was first established back in 1858 as the National Bank of Australiasia.
The National Group is set up around 3 major regional businesses in Australia, UK and NewZealand, the bank operates under numerous retail brands including
The bank offers various products to customers including:
The National Australia Bank was first established back in 1858 as the National Bank of Australiasia.
The National Group is set up around 3 major regional businesses in Australia, UK and NewZealand, the bank operates under numerous retail brands including
- The National Australia Bank (Australia)
- Bank of New Zealand (NewZealand)
- Yorkshire and Clydesdale Banks (United Kingdom)
The bank offers various products to customers including:
- Home Loans
- Personal Loans
- Credit Cards
- Financial Planning
- Investment Programs
- Online Share Trading
- Margin Lending
- e-Business services
- Superannuation
- Business Credit Cards
- Insurance Programs
ANZ Banking Group
The ANZ Bank
Started back in 1835 the banks has seen many changes in its long and gloried years.
In 1970 the bank was formally established as the Australian and NewZealand Banking Group after the English and Scotish Australian Banks merged. This merger was the largest merger in Australian Banking history.
The ANZ remains one of the most successfull banks in Australia, for the first 6 months result to March 31st the bank achieved a 7.1% increase on the previous year. The bank has posted a $2,100,000,000 net profit.
The ANZ Bank offers its members some of the most valuable financial services online:
Started back in 1835 the banks has seen many changes in its long and gloried years.
In 1970 the bank was formally established as the Australian and NewZealand Banking Group after the English and Scotish Australian Banks merged. This merger was the largest merger in Australian Banking history.
The ANZ remains one of the most successfull banks in Australia, for the first 6 months result to March 31st the bank achieved a 7.1% increase on the previous year. The bank has posted a $2,100,000,000 net profit.
The ANZ Bank offers its members some of the most valuable financial services online:
- Home Loans
- Credit Cards
- Transactional and Savings bank accounts
- Financial Planning
- Superannuation & Retirement Funds
- Life Insurance
- Business Financing
- Small Business Services
- Cash Management
- Trade Finance
- Agribusiness
- Internet Share Trading
Commonwealth Bank
The CBA
Well this is the first post on this newly created website.
I thought it might be worthwhile briefly mentioning the Banks in Australia and a little detail on who they are and what they offer.
Firstly we have the Commonwealth Bank of Australia, the Bank has offices and business locations spread around the globe. Currently servicing Australia, New Zealand, Asia and the United Kingdom.
Well this is the first post on this newly created website.
I thought it might be worthwhile briefly mentioning the Banks in Australia and a little detail on who they are and what they offer.
Firstly we have the Commonwealth Bank of Australia, the Bank has offices and business locations spread around the globe. Currently servicing Australia, New Zealand, Asia and the United Kingdom.
The Commonwealth Bank is considered by many Australians as the leader in online banking, the bank has come a long way since opening its first branch back in 1912 in the City of Melbourne.
In 1915 the bank released its first recorded profit of £2,222 this is considerably less impressive than the current interim half year profit (half year ending 31st Dec 2006) of $16,324,000,000.
Back in 1915 bank was offering only basic savings accounts, at todays Commonwealth Bank you can do almost anything:
- Internet Banking
- Day To Day Banking
- Youth & Student loans
- Online Share Trading
- Home Loans & Home Insurance
- Property Valuations
- Credit Cards
- Personal Lending
- Managed Funds and Superannuation programs
- Starting a Small Business services and advice
- Agribusiness
- Importing & Exporting and the list goes on.....
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