May 17 (Reuters) - Moody's :
- Australian bank performance steady, but latent risks rising in household sector
- Increasing household leverage and low wage growth, are increasing Australia's major banks' sensitivity to external shocks
- On Australian banks, expects profit growth to moderate, as well as the potential for rising credit costs and slower credit growth
- Australian budget in may includes number of initiatives that, if implemented, will place incremental pressure on banks' profit growth
- Major Australian banks well positioned to meet net stable funding ratio set by australian prudential regulation authority coming into effect on Jan 1
Source text : http://bit.ly/2pV8BoE
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News: WBC Moody's say Australian bank performance steady, but latent risks rising in household...
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