In 2016 Australia’s monetary intermediation industry grows by 5%, as the Australian banking industry remains strong, with improving resilience and operational efficiency
Investment banking and brokerage, and other banking and financial service categories, are the largest in the industry, together generating almost 82% of its total turnover in 2016
More than 57% of total costs are attributed to B2B spending in 2016, as companies continue the implementation of new IT technologies
Over 2016-2021 the industry’s revenue is projected to see a 2% CAGR, driven by improving operational efficiency and investments in IT technologies
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