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BRIEF-Fitch: Major Aussie banks' dominance mitigates rising risks
May 26, 2016 / 11:42 PM / a year ago

BRIEF-Fitch: Major Aussie banks' dominance mitigates rising risks

May 26 (Reuters) - Fitch on Aussie Banks:

* Fitch: Major Aussie banks’ dominance mitigates rising risks

* Believes low interest rates and country’s tax policies probably contributed to Australia’s macroeconomic risks

* Pockets of Australia’s property market may encounter potential oversupply of new residential housing and hurt house-prices in those areas

* 2015 to address regulatory pressure

* Expect to maintain tightened underwriting criteria implemented from mid-2015

* Expects soft profit growth in 2016, mainly reflecting asset competition, low interest rates, moderate credit growth, rising impairment charges Source text for Eikon: (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780)

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