A new international survey has revealed that Australia's big four banks are the most profitable in the world.
The Banks International Settlements annual survey, published yesterday, reported that ANZ, Westpac, NAB and Commonwealth Bank make 20 per cent more profit than their overseas counterparts.
New Zealand banking experts were unconcerned by the survey's findings, particularly about ANZ and Westpac.
Banking ombudsman Deborah Battell said the banks were "transparent", publishing information about their profitability every quarter.
Although her office had received complaints about bank fees in New Zealand, she did not think they had increased in the past year.