Aussie bank loan-loss provisions top A$11bn

- By Lorenzo Migliorato
- 19 Nov 2020

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Australia’s ‘Big Four’ lenders put away a collective A$11.4 billion ($8.3 billion) for loan-loss provisions over the 2020 financial year – more than three times the amount in 2019.

WestPac took the largest provision in dollar terms with A$3.2 billion over the 12 months to end-September, triple its 2019 amount. As of end-September, its loan-loss rate – provisions as a percentage of gross loans – was 88 basis points, compared to 54bp the year prior.

National Australia Bank and ANZ both doubled

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@risk.net