Rising Bad-Debt Charges Next Hassle for Australian LendersBy
Provisions at top-four banks to climb to highest since 2010
Falling commodity prices taking a toll on mining exposure
Already faced with higher capital requirements and a housing market past its peak, Australian banks have a new headache to contend with: corporate loans.
Bad-debt provisions at the lenders are set to rise to their highest in eight years by 2018, as the chances of defaults in the mining, agricultural and dairy sectors increase, according to a survey by Bloomberg…
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