In general, analysts do not read the provisioning as a red flag for the bank
Ping An Bank, Industrial Bank, and China Minsheng Banking are set to arrange a seven-year syndicated loan of about US$1.4 billion
NAB and the rest of Australia’s ‘Big Four’ banks rely heavily on the strength of the housing market
Standing pat gives the central bank room to act decisively if conditions worsen next year
Costs rose 5% in the third quarter, in part due to higher personnel expenses
The bank has applied for an additional share buyback of up to 600 billion euros
The bank’s total allowance stood at S$6.4 billion, comprising S$4.1 billion in general allowances and S$2.4 billion in specific allowances.
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As a result of the higher allowances, net profit falls 72% to S$443 million
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