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KPMG backing of sector strength


Welcome backing of sector strength

South West Credit welcomes the backing from KPMG today in its annual review of the customer owned banking sector which highlighted strong financial performance.
KPMG Australia’s Mutuals Industry Review 2017 found strong balance sheets, asset growth and home loan lending growth as more Australians respond to the customer owned difference.
“We welcome KPMG’s analysis that customer owned banking offers a compelling and strong alternative,” South West Credit CEO David Brown said.
“The review notes our strong performance in a challenging operating environment.
“Importantly it found that banking competition reforms will help the customer owned sector continue to grow and offer more products and services to more of our local population.”
“Our sector was also acknowledged in the report for its investment in new mobile offerings, refreshed web design and improved digital experience.
“Customer owned banking institutions collectively have four million customers and $108 billion in total assets and deliver an unmatched customer focus to the banking market.
“Today’s annual review from KPMG is further evidence of why consumers should consider switching to South West Credit.”