12/10/2023 0 Comments DR April speed on BET HERBank of Queensland also flagged lower half-yearly earnings and warned the second half of the year would be challenging. With home loan growth of just 1 percent during the first half of the financial year, Bendigo reported below-expectation profit and flagged higher regulatory spending in the second half. Recent updates from Bank of Queensland and Bendigo included the banks' expectations of higher regulatory costs, highlighting the disadvantages of the smaller lenders. "It's harder for them to absorb the extra regulatory costs, and they have a lower credit rating than the majors and that means that they've got a higher cost of funding," Khan said. While the inquiry found the smaller lenders generally had behaved better than their bigger rivals, they have suffered sharper falls in lending growth and profitability in the wake of the Royal Commission.
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