Peter Hanlon, Group Executive
Business Financial Services (BFS) operates across Australia and has responsibility for sales, service and product development for small and medium sized business customers.
Activities are conducted by specialised Commercial Banking and Small Business (SME) relationship managers, supported by cash flow, financial markets and wealth specialists, delivered through branches and 33 dedicated Commercial Banking centres. BFS also has responsibility for group-wide business lending and deposit products, working capital and specialised trade solutions operations and the management of our third party business product sales relationships.
| Financial Results | |||
| Business Financial Services | 2007 |
2006 |
%Mov’t 07/06 |
 |
|||
| Operating income ($m) | 2,292 |
2,056 |
11 |
|
|||
| Operating expenses ($m) | (794) |
(728) |
9 |
|
|||
| Cash earnings ($m) | 975 |
880 |
11 |
|
|||
| Economic profit ($m) | 887 |
801 |
11 |
|
|||
| Total assets ($bn) | 54.6 |
47.6 |
15 |
|
|||
| Deposits ($bn) | 51.5 |
44.8 |
15 |
|
|||
| Net loans & acceptances ($bn) | 53.3 |
45.7 |
16 |
|
|||
| Expense to income ratio (%) | 34.6 |
35.4 |
(2) |
|
|||
| Employee numbers | 3,448 |
3,119 |
11 |
|
|||
