Friday, 12 April 2013 16:42
Australian Banking Sector - Outlook - April 2013
Paul Xiradis (CEO Ausbil Funds Management) talks with Mark Draper (Adviser, GEM Capital Financial Advice) about the outlook for the Australian Banking sector.
http://www.youtube.com/watch?v=rdnjUQFwg8o
Key points:
- Bank Balance Sheets are in good shape
- Housing downturn concerns overblown
- Banks have grown their profits consistently in tough times over past years
- Australian mortgage owners are well ahead in their repayment schedules
Published in
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