Search Results for 'Australia'

Australia's ANZ Banking Group posts 10 per cent rise in firs...

SYDNEY - One of Australia's largest banks, ANZ Banking Group, on Wednesday posted a 10 per cent increase in its first half profit to 2.92 billion Australian dollars ($3.02 billion) but warned margins in its Australian business were de [...]

Posted On : May, 02 2012 | Comments : 0

Australia's ANZ Bank raises variable mortgage rate by 0.06 p...

The move will lift ANZ's variable interest rate to 7.42 percent, the second highest of the country's big four banks. NAB has the lowest rate at 7.31 percent. "Given this and the volatility we have seen in wholesale funding ma [...]

Posted On : Apr, 13 2012 | Comments : 0

Australia's ANZ Bank receives Retail RMB license in China

SYDNEY, March 5 (Xinhua) -- Australia and New Zealand (ANZ) Banking Group Ltd announced on Monday it had become the first Australian bank to be fully licensed to offer a wide range of Renminbi (RMB)-related products and services to custom [...]

Posted On : Mar, 05 2012 | Comments : 0

National Australia Bank to review UK operatio

SYDNEY, Feb 7 (Reuters) - National Australia Bank , the country's top lender, opened the door for the sale of its underperforming UK operation worth about $4.5 billion after a rise in bad debt charges and sluggish growth. NAB said [...]

Posted On : Feb, 07 2012 | Comments : 0

Australian Banks Brace Themselves For More Cuts

MELBOURNE—With Europe's problems threatening to spill over into a repeat of the 2008 financial crisis, lenders in Australia–one of the few countries to skirt a recession through that dark period–are preparing for the [...]

Posted On : Jan, 19 2012 | Comments : 0

Australia's ANZ Banking Group posts $5.5 B profit

One of Australia's largest banks, ANZ Banking Group, on Thursday posted a 19 percent rise in annual profit to 5.36 billion Australian dollars ($5.54 billion), boosted by a fall in bad debts. Australian banks proved resilient against t [...]

Posted On : Nov, 03 2011 | Comments : 0

Bendigo and Adelaide Bank has supported the Australian bulls

Commonwealth Bank Bendigo and Adelaide Bank reported an increase in net profit for the fiscal year ending June 30 to A $ 83,8 million to A $ 242,6 million ($ 223 million). Analysts on average expected profit at A $ 264,3 million, almost [...]

Posted On : Aug, 09 2010 | Comments : 0

Australian Bank Bond Buyers Query Bubble, Fitch Says

Foreign buyers of Australian bank bonds are increasingly concerned a bubble is developing in the nation’s property market, according to Fitch Ratings. Offshore investors have been asking whether there’s “an asset b [...]

Posted On : May, 18 2010 | Comments : 0

Australian Central Bank Signals Higher Bar for Rates

The Reserve Bank of Australia signaled a higher bar for interest-rate increases after becoming the world’s first major central bank to withdraw “emergency” stimulus used during the global financial crisis. Stevens&rsquo [...]

Posted On : May, 05 2010 | Comments : 0

Reserve Bank Of Australia May Leave Rates On Hold

Expectations are divided over the Reserve Bank of Australia's monetary policy decision due on Tuesday, with economists predicting no change in the interest rate, while markets are leaning towards a second consecutive quarter percenta [...]

Posted On : Apr, 05 2010 | Comments : 0

Australia's RBA May Keep Benchmark Rate at 3%

Australia’s central bank may leave interest rates unchanged today for a sixth month and signal plans to increase borrowing costs as early as next month amid signs the economy is strengthening. Reserve Bank Governor Glenn Stevens will [...]