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National Australia Bank profit – the best of a bad bunch – Sydney Morning Herald

The unspoken tool banks can use to grab market share is increasing their risk appetite – but none will ever admit to it.

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For each of the banks the prospect of taking market share clearly makes sense. But this is especially difficult to do in a low interest rate environment, where price competition would only reduce their already thin net interest margins.
National Australia Banks chief executive, Ross McEwan agrees that buying market share isnt an option when interest rates are so low.
Instead the banks have adopted the phrase time to yes as their mantra. This measures the time between application and approval.
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