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Data Alert: Australian banks continue to exhibit robust performance

2 September 2010

Australia’s four major banks have maintained their ‘AA’ ratings, consistent with their strong performance and sound capital position. They are among nine of the world’s 100 top banks with a AA or above rating. The Australian financial system has remained resilient in the face of the global financial crisis that affected many developed economies over recent years: Australia’s uninterrupted economic growth, healthy financial system, and strong regulatory framework have underpinned continued sound performance by the Australian banks which have a largely domestic focus and limited exposure to exotic derivatives.

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