Why NZ will be next in bank shrinkage
Chanticleer is Australia's pre-eminent business column.
May 1, 2021 – 12.00am
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When four of Australia’s big five banks come to the market next week with cumulative cash profits of about $12 billion, it will present an opportunity to take stock of a sector critical to the post-COVID-19 recovery.
The government will be looking to see what leading bankers say about business investment. Investors will be focused on dividend payouts and potential buybacks of stock.
Banking analysts will be watching likely changes to the grim assumptions used to calculate expected loan losses caused by the pandemic. The assumptions were incredibly bearish.