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NAB is under geared, similar loan book to the rest of the banks in OZ. Hardly adverse risk here.
http://www.thebull.com.au/articles/...nks-skirt-unofficial-home-lending-limits.html
EXCEPT BOQ who has the highest exposure to recalcitrant borrowers. In saying that they have tidied up their act in the last few years and moved out of residential and moved into commercial !!
http://www.smh.com.au/business/bad-debts-hit-bank-of-queensland-profit-20111013-1lly5.html
is the property market.
We can see the impact of these factors in NAB’s recent results. The bank’s average mortgage borrower is eight months ahead of the required payments, and two-thirds of customers are at least one month ahead, the average loan to valuation ratio on its books is 48%, and some 15% of the book is insured. The consequence is that the bank’s loss rate on mortgage lending is 0.04%. Clearly there are still risks, for example if a mortgage insurer were to collapse, but it looks quite safe.
http://www.thebull.com.au/articles/...nks-skirt-unofficial-home-lending-limits.html
EXCEPT BOQ who has the highest exposure to recalcitrant borrowers. In saying that they have tidied up their act in the last few years and moved out of residential and moved into commercial !!
A near-doubling of impairment charges caused by its exposure to the ailing regional commercial property sector has seen Bank of Queensland’s annual profit slide by 13 per cent to $158 million.
The Brisbane-based bank, one of the three remaining regional banks of any size left after the recent consolidation in the industry, saw its bad debt charges jump from $104 million just over a year ago to $200.5 million.
http://www.smh.com.au/business/bad-debts-hit-bank-of-queensland-profit-20111013-1lly5.html
is the property market.