Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Australian banks to gain from international credit crisis

Staff Reporter 1 minute read

The international credit crisis will be “very good” for local banks, Justin Braitling of Australian Leaders Fund today told The Australian.

“Australian corporates, which have been very active in tapping the international syndicated debt markets, are struggling to raise funds on competitive terms,” he said.

As a result of the international credit drought, Braitling believes Australian corporates will move back to Australian banks for funding.

He also said that the larger banks will be best placed to take advantage of the shift, considering their low levels of securitised funds.

Australian banks to gain from international credit crisis
default
TheAdviser logo

Grow your business exponentially in 2022!

Discover the right strategies to build a more structured, efficient and profitable businesses at The Adviser’s 2022 Business Accelerator Program.

Visit the website here to secure your ticket.

default

 

more from the adviser
finance education

Breaking News

Asset finance accreditation the next ‘battleground’: CAFBA

CAFBA has underscored the importance of education for brokers div...

signature

Breaking News

Brokers drive origination growth for Prospa

The non-bank’s latest quarterly figures mark a year-on-year gro...

warehouse

Breaking News

Victoria extends commercial rent relief 

The Victorian government has extended its Commercial Tenancy Reli...