Australia’s major commercial banks continue to report some of the strongest profits among their global peers, according to Moody’s Investors Service.
They recorded an average pre-provision income to risk-weighted asset ratio of above 3% in the first half of 2013, according to Moody’s, compared to 2%-2.5% for banks in Singapore, Hong Kong, UK and the US.
“Other banking systems in Asia like in Indonesia for example might offer the highest returns,...