banking Nov

Major banks 2016: Analysis of results

Australia’s major banks reported a 2.5 percent decrease in cash profit for the 2016 full year compared to 2015. This decrease has been attributed to expenses incurred in achieving compliance obligations and the need to enhance digital frontiers, an increase in bad and doubtful debts by 39 percent and increased regulatory capital requirements, all in conjunction with a slowing balance sheet momentum.

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