Australia
Business credit growth in Australia banks rose to ~5% in June
It’s the highest rate in two years.
Business credit growth in Australia banks rose to ~5% in June
It’s the highest rate in two years.
National Australia Bank’s sale of UK real estate loans is a good move: Moody's
Because it will improve NAB's asset quality.
National Australia Bank unveils £625m sale of a parcel of loans in UK CRE portfolio
Marking step in disposing capital-hungry assets.
Slackened Australia bank funding and capital improvements up ahead: Fitch
Nuanced funding improvements are also seen.
Rising housing prices in Australia helping blunt losses on low-doc loans
It’s more opportunity for low-doc loan borrowers.
Australian banks' deposit growth hit 9% in 1H14
While loan growth sticks to 6%.
Australia’s RMB payments value rocketed by a whopping 248%
It's 6th in the world for RMB payments value.
Why the clock is ticking for trade finance talents
Australia’s success as a trading nation is vitally dependent on the expertise of trade financiers and the quality of their products and services. But within the trade finance discipline is a “doomsday clock” which threatens to count down all the way to midnight.
MasterCard, Commonwealth Bank of Australia boost mobile payments adoption
This is for Samsung devices.
Why Moody's is confident that Aussie banks are robust against challenges
Despite economic transition soon.
Here is the strategic importance of trade finance solutions
Reliable and cost effective Trade Finance solutions are of strategic importance to Asian transaction banks. Both local and foreign operations rely heavily upon relationship positioning within trade customer demographics to develop broader market share growth, improved wallet share, lower customer churn and foster value adding product cross sell opportunities.
Big Aussie banks to limit dividends to investors
Should maintain adequate capital buffers.
NAB reports cash profit of $5.94 billion
But revenues up by only 2%.
Aussie financial services group acquires Korea’s Evergreen Savings Bank
Will focus on consumer and small business lending.
Aussie central bank gets US$8.8 billion from government
Infusion to strengthen the bank’s financial position.
Supply Chain Risk – Not a Bank’s Problem?
Supply chain financing is an attractive line of business that is not without its inherent risks. The banking industry understands this but may not necessarily be aware of or may not have the necessary controls to identify all of the red flags.
Commonwealth Bank activates Emergency Package for customers affected by NSW bushfires
Branches in these 4 areas will be open for assistance.