Satisfaction with banks continues to rise

cent/commonwealth-bank/ANZ/westpac/

22 August 2008
| By Benjamin Levy |

Business customer satisfaction with their banking institutions has continued to improve in the past year, with business customer satisfaction rising to more than 80 per cent.

The data was released in the TNS Business Finance Monitor, which tracks trends in the attitudes and behaviour of businesses towards financial institutions in Australia.

The four main banks of Westpac, ANZ, the Commonwealth Bank and the NationalAustraliaBank have seen an increase in their customer satisfaction by more than 10 per cent to an average of 78.5 per cent. The Commonwealth Bank recorded the highest increase in business customer satisfaction of 14.6 per cent to 75.4 per cent, while ANZ remained at the top with 82.9 per cent.

Suncorp has increased its customer satisfaction levels by 15.5 per cent to 85.5 per cent, with St George coming in next at 85 per cent.

However, the regional banks have recorded the highest level of business customer satisfaction, with Bendigo Bank at 93.4 per cent customer satisfaction and Bank of Queensland at 91.3 per cent.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

6 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

8 months ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

3 weeks 4 days ago

Despite the financial adviser exam being rooted in ethics, two professional year advisers believe the lack of support and transparency from the regulator around the exam ...

2 weeks 3 days ago

ASIC has banned two advisers from the same advice firm for giving clients inappropriate superannuation advice that was not in their best interests. ...

3 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
3