A lot of people don't know that nearly 80 percent of all Australian bank profits go straight back to shareholders and the majority of those shareholders are everyday Australians who own bank shares through their super funds.†
Australian bank profits go to millions of Australians who own Australian bank shares through their superannuation accounts. Many super funds use Australian banks as a secure and reliable investment for the retirement of millions of everyday Australians. Profits go to ‘mum and dad’ investors who for decades have been able to rely on Australian banks as a secure investment with good returns.
If you’re an Australian with a super fund, you will almost certainly be sharing in the profits that Australian banks distribute to shareholders. Super funds invest in Australian banks and Australian bank profits have been a driving force behind super fund performance.
Wesley Tronson, NAB
Simina Creta, ANZ
Kan Zhou, CBA
With the active participation of 24 member banks in Australia, the Australian Banking Association provides analysis, advice and advocacy for the banking industry and contributes to the development of public policy on banking and other financial services.