RPT-Loan losses to double at Australian banks from COVID-19 – rating agencies
Australian banks will take
large losses from loans to businesses in the tourism and
education sectors this year, while facing a broader hit in
housing loans if the COVID-19 outbreak results in higher levels
of unemployment, rating agencies said on Tuesday.
large losses from loans to businesses in the tourism and
education sectors this year, while facing a broader hit in
housing loans if the COVID-19 outbreak results in higher levels
of unemployment, rating agencies said on Tuesday.
Posted by Reuters
