The Australian major banks reported combined cash earnings of $14.8 billion for the half year, down 3 percent, in the face of increasing non-performing loans and higher liquidity and capital requirements.
Difficult economic and market conditions, coupled with the continued upward trajectory of regulatory capital are now starting to bite for the majors, underpinning a softer half year result.
Key components of the results are:
Read our media release – Tougher conditions and new capital requirements start to bite
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