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AUSTRALIA
AUSTRALIA: Fitch: Hefty Impairment Charges Signal Asset-Quality Pressure on
Australia Banks
- The profitability of the major banks in Australia deteriorated sharply in the
first half of the financial year ended March 2020 (FY20) in line with our
expectation, due to sizeable loan impairment charges booked, which could remain
elevated, if not increase over the next 6 to 12 months as pressure on asset
quality emerges in late 2020, Fitch Ratings says.
- Link: https://tinyurl.com/y82f8qs9
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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