Markets

NAB has tripled its bad loan provisions to $2.76 billion amid ‘rising delinquencies’

Big four bank NAB has provisioned $2.76 billion for “potential COVID-19 impacts”, triple its earlier allocation. NAB’s full year results acknowledged “rising delinquencies” that were occuring outside its loan deferral program. “Asset quality is starting to deteriorate given economic disruptions caused by COVID-19. While the outlook remains uncertain, further deterioration […]
NAB has tripled its bad loan provisions to $2.76 billion amid ‘rising delinquencies’
Markets

CHART: The Commonwealth Bank’s bad loans suddenly jumped

Bad loans jumped substantially higher in the second half of the 2016 financial year at the Commonwealth Bank. There were two pain points: home loan arrears, mainly in the mining towns of Western Australia and Queensland; and rural New Zealand where the dairy sector is feeling the fallout from a […]
CHART: The Commonwealth Bank’s bad loans suddenly jumped
Markets

These are the companies whose bad loans are dragging Westpac down

Just four big customers squeezed Westpac’s half-year results lower than expected, adding $252 million to its bad debt charge. Westpac didn’t name the four customers causing extra provisions but we know the bank is exposed to a few of the recent high profile corporate troubles. These are: steel maker Arrium, […]
These are the companies whose bad loans are dragging Westpac down