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Australian Banks ─ Recent Developments and Trends

Data Alert: 12 December 2008

The Australian financial system is well placed to weather the current world financial market turmoil. In contrast to many banking systems around the globe, Australian banks have continued to perform strongly and are soundly capitalised. They have strong credit ratings and minimal exposure to US sub-prime related assets or to market risk from trading activity. Their non-performing loans remain relatively low by both international and historical standards. Australia's banking sector is also well served by its regulatory regime.

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