cba warns on funding costs after record h2
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

CBA warns on funding costs after record H2

Arab Today, arab today

Arab Today, arab today CBA warns on funding costs after record H2

Sydney - Arabstoday

Commonwealth Bank of Australia joined rival National Australia Bank in warning that the global economic turmoil was hitting customer confidence and may push funding costs higher, but said it was well positioned to ride the storm. CBA, the country’s top home loan lender, said it was sitting on record liquidity and capital to weather a crisis, but it doesn’t expect a major pick-up in domestic lending within 12 months. Global uncertainty and market volatility hurt Australian and South Korean lenders the most in the region as they suffer from significant deposit deficiency and need to tap debt markets in Europe and the United States for funds. Australia’s four major banks combined borrow $100 billion largely offshore to bridge a funding gap between loans and deposits and such turmoil jacks up their funding cost. The banks are still reeling under sharp cost increases as they refinance cheap debt raised before the global financial crisis, with CBA expected to refinance most of its  cheap debt only by January 2012. “There is increased risk aversion which means a higher cost of wholesale funding. So banks don’t want to lend as much. Therefore banks globally, which are big borrowers in the wholesale market, theoretically will be the most negatively impacted,” said CLSA’s regional banking analyst Daniel Tabbush.  From / Gulf Today

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cba warns on funding costs after record h2 cba warns on funding costs after record h2

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cba warns on funding costs after record h2 cba warns on funding costs after record h2

 



GMT 03:59 2012 Tuesday ,27 March

Wafaa Amer: Port Said events frustrate me

GMT 13:51 2016 Tuesday ,05 January

France begins 1-year commemorations

GMT 04:07 2017 Tuesday ,04 July

Chinese Navy ships in Oman on goodwill visit

GMT 08:40 2017 Friday ,06 October

Erdogan says Turkey will 'soon' close borders

GMT 06:10 2018 Wednesday ,24 January

Bahraini-Jordanian solar energy cooperation discussed

GMT 19:30 2017 Friday ,08 December

Princess Sabeeka receives UN Women executive director

GMT 16:50 2017 Wednesday ,26 April

Nina Olson cooks live at “Expo” Sharjah

GMT 17:10 2017 Thursday ,02 November

Hoora Health Centre expansion project inaugurated

GMT 09:27 2016 Wednesday ,30 November

President, VP & bin Zayed congratulate Albanian President

GMT 02:43 2017 Saturday ,11 March

Shaikh Hamdan's Instagram followers reach 5m

GMT 12:28 2016 Monday ,21 November

Coldplay charms India in anti-poverty concert
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday