Mr Coffey of Westpac in o/s news article was stated as being confident of meeting basel 3 requirements,they are still awaiting release of the interpretation from APRA,westpac remain confident of maintaining dividend and meeting capital requirements.
bank sa are performing well,rebranding bank of melbourne is expected to meet favourable support in Victoria,St George are commencing strategy aimed at growing their loan book.
westpac have the lowest exposure to commercial loans,
all looks pretty good,might go some way to explaining the presence of hedge positions in bank stocks,release of interpretation is expected soon---this is from an interview conducted on the 8th june 2011 ,it has only come to my notice today published on the 17th june in toronto.
anyone else have prior knowledge?
WBC Price at posting:
$21.21 Sentiment: Buy Disclosure: Held
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