Great barriers to bank profits in Oz

Maintaining profit momentum will be a struggle for Australia’s banks as the economy changes gear and regulators apply the brakes.

Great barriers to bank profits in Oz

Australia’s highly prosperous banks are entering a new era of tighter capital rules, slower economic growth, and competitive pressure on margins, making it increasingly difficult for them to deliver stellar profits. The country has a highly concentrated market with the four biggest institutions Commonwealth Bank of Australia, Westpac, ANZ, and National Australia Bank accounting for 80% of banking business.

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