Australian Bank Westpac to raise interest rates

Now it would be interesting to find out what Westpac’s non performing loan sheet looks like.

Wonder whether adequate lending margin was on all loans to valuations?

Assuming of course that commodity prices go lower.

http://www.abc.net.au/news/2015-10-14/westpac-to-raise-home-loan-interest-rates/6852768?section=business

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2 thoughts on “Australian Bank Westpac to raise interest rates

    1. Well technically it is.

      APRA have issued all Banks with notices on capital and interest rates.

      Westpac ‘have to’ raise $3.5 billion to plug a Tier 2 capital shortfall most probably. Remember that these funds invested in offshore sovereign bonds – and devaluation of that country’s currencies impacts value.
      Writing is on the wall – has started – no one can get off the merry – go – round.

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