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How to eSign a document: eSignature legitimacy for Banking in Australia

hello this is rachel from kalkine media and  you're watching kalkine educational series   please subscribe to our channel and press the  bell icon for notifications for our latest videos the banking system is the backbone of any  country's financial system strength modern   banks are not only providers of credit and  reserves of cash but are also associated   with financial trading stock broking insurance and  funds management australia is home to banks that   provide a unique mix of traditional banking  functions and also contemporary trading and   insurance facilities with over 80 banks as  part of its banking structure australia has a   robust financial sector during the pandemic the  performance of australian banks is a testament   to the same as these institutions maintained  sufficient liquidity even in trying times   during the initial stages of a pandemic-induced  global crisis reserve bank of australia governor   philip lowe stated that the country owed a  great deal of credit to the financial sector   for keeping its head above water some of the  biggest banks in the australian financial sector   are the following firstly we have the commonwealth  bank with branches across asia europe and north   america the commonwealth bank is a household name  in australia it was founded in the early 1900s   the bank has outgrown the tag of a general banking  services provider to becoming a booming business   with over 800 000 shareholders for the march 2021  quarter the bank reported an unaudited empath   of 2.4 billion dollars which was 24 higher  than the pandemic riddled march quarter of 2020   despite the widespread economic slowdown the  cba reported a strong balance sheet during the   quarter with a customer deposit funding ratio  of 75 percent over the last year commonwealth   bank shares have shown an unwavering upward  movement reaching a six-month high in mid-june the   uptick came after cba announced the sale of its  australian general insurance business shareholders   of cba have not been disappointed despite the  hard-hitting ill effects of kovit 19 over the   economy the bank's large market cap of 184 billion  dollars certainly adds to the credibility factor   next there is the national australian bank touted  as one of the largest australian banks the nab   serves more than 12.7 million clients across  australia the bank provides a diversified   range of financial products including retail  business institutional banking and also wealth   management products in terms of assets deposits  and market capitalization the nab tops the list of   australian banks during the six months ending 31st  of march 2021 the company reported cash earnings   of hundred and forty three million dollars with  a statute profit of three thousand two hundred   and eight million dollars this was followed  by an update on the bank's interim dividend   to sixty cents per share the nav has been urged  by other banking institutions to not lend towards   environmentally harmful operations including  oil and gas projects in response the bearing   has stated that it would adopt a more conscious  effort after reviewing current funded projects   the australian new zealand bank provides banking  services to customers across australia and new   zealand with australia being its biggest market  with approximately 6 million retail and commercial   customers the bank is a pioneer in terms of  the internet banking facilities provided by it   for the half year ending the 31st of march 2021  the anz reported a profit before tax of 4 376   million dollars with total cash profit of 2 982  million dollars as of the 31st of march 2021 the   anz held in net tangible assets attributable to  ordinary shareholders worth 58.5 billion dollars   the anz bag also reported that it is expected  to enjoy the larger customer base once the new   trade deal between the uk and australia  is signed the free trade deal would see   some tariffs being lifted or lessened creating  opportunities for australian businesses   moving on to one of the oldest banking  institutions in australia the westpac banking   corporation has gained the utmost trust of the  australian population over the years the bank has   five divisions to provide banking services that  is consumer bank business bank bt financial group   westpac institutional bank and westpac new zealand  the bank aims to help fellow australians succeed   in the business through its portfolio of financial  services brands westpac caters to a broad range of   customers in risk management customer remediation  simplification of technological solutions   and optimization of returns for the first half of  2021 wbc's net profit was up 189 over the previous   year's first half at 3 43 million additionally  cash earnings during the period amounted to 3537   dollars amid these promising figures westpac  announced an interim dividend of 58 cents per   share and finally we have the macquarie bank  founded in 1969 macquarie's positioned itself   as the largest investment bank in australia the  wide ranging services provided by the bank include   asset management financial advisory risk and  capital solutions across debt commodity and equity   markets the farm has made its mark in the field  of mergers and acquisitions and is constantly   releasing a lucrative rewards for its shareholders  macquarie was dubbed the millionaires factory   prior to the global financial crisis as its  bankers benefited from big pay packets as the   group worked on large mergers and acquisitions  and expanded across the globe macquarie has   obtained a steady inflow of borrowers higher by  25 in april this year and 33 in total over the   last year the bank's stock market performance  has also been robust over the past few months   if you like this information please like share and  comment on this video and subscribe to our youtube   channel press the bell icon to get notifications  for our latest videos i'm rachel jones for kalkine   media for more regular updates and information  log on to our website kalkinemedia.com