Ann: Quarterly Activities Report, page-60

Yes, and since the member (N'mare) does not comprehend the inter borrowing and lending links across global boundaries, (recall our local banks were caught with those so-called AAA+ Rating Agency rated, near worthless USA subprime mortgages). In any case, the 4 major banks comprise about 83% of the local market, with the regional and smaller banks, making up the remainder. Can recall the turmoil in financial markets when the State Banks of Victoria and SA fell over during the GFC through distressed loans and bad lending decisions.