BankSA sees "strong" performance

The range of saving accounts, credit cards and other personal finance products on offer from BankSA are being increasingly sought-out by consumers, new figures indicate.

BankSA credit cards, bank accounts and other financial products from the bank are becoming increasingly popular, it has been reported.

As it reveals a record post-tax cash profit of £220 million, the financial services provider reports a "strong" growth across all areas of its business.

Indeed, deposits in the firm's transaction account portfolio have risen 13 per cent to $8 billion, as customers are deemed to be "in search of strength and safety".

Managing director Rob Chapman claims that recent months have seen "a shift in customer sentiment to one of caution and paying down debt", while the bank is looking to offer a range of saver account products to help its customers prepare for the future.

He adds that the financial results will ensure that the bank is able to continue to expand its range of branches and ATMs throughout South Australia.

A recent KPMG study revealed that although BankSA and other regional banks experienced numerous challenges over the past 12 months, they have come through such problems "in good shape".

Posted by Mark Hornby