Australian banks shift from wholesale funding to deposits as total funding contribution grew to 54.9% in 1H 2011
With increasing global macroeconomic volatility and expected slowdown in capital inflows, banks are shifting towards deposits as a safer and more sustainable form of funding. January 12, 2012 | Elaine LowAustralia rebounded strongly from the global financial crisis, experiencing GDP growth of 25.4% in 2010 and an estimated 1.8% GDP growth in 2011 as compared to 5.4% in 2008–2009. The comeback was due to strong domestic demand as well as restructuring in the banking industry. Australia’s GDP growth is expected to reach 3.1% in 2012, driven by aggressive investments in the mining industry. However, GDP growth in 2012 is still likely to be dependent on the performance of the banking industry as the financial services sector remains the biggest contributor to Australia’s GDP by share of GDP. Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
Categories: Australia, Databook, Industry OutlookAustralia,Databook,Industry Outlook, Australia,Databook,Industry Outlook, Keywords:ANZ, CBA, NAB, Westpac, Loan To Deposit Ratio, CAR, NPL ANZ, CBA, NAB, Westpac, Loan To Deposit Ratio, CAR, NPL
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