Interview: Banks make $32b - but headwinds are growing
FEAR & GREED | Business News
<p>Australia’s major banks have delivered a strong set of results for the 2023 full year - $31.99 billion in combined statutory earnings across <a href="https://www.google.com/url?q=https://www.commbank.com.au/&sa=D&source=calendar&usd=2&usg=AOvVaw3H4EZb6oxOPGJ-aPzO_03j" rel="nofollow">Commonwealth</a>, <a href="https://www.google.com/url?q=https://www.westpac.com.au/&sa=D&source=calendar&usd=2&usg=AOvVaw1cY43HQX2ok8DE4cYc2LoB" rel="nofollow">Westpac</a>, <a href="https://www.google.com/url?q=https://www.anz.com.au/&sa=D&source=calendar&usd=2&usg=AOvVaw2PJ7FBQKHYTy_5ucZGq3RL" rel="nofollow">ANZ</a> and <a href="https://www.google.com/url?q=https://www.nab.com.au/&sa=D&source=calendar&usd=2&usg=AOvVaw0wZljAWNJT0W06D2SUYMsn" rel="nofollow">NAB</a>. That’s up 8.2% on the previous year.<br><br>But there might be challenging times ahead, as economic headwinds continue to build, and loan momentum slows. Doug Nixon, Oceania Banking and Capital Markets Leader at <a href="https://www.google.com/url?q=https://www.ey.com/en_au&sa=D&source=calendar&usd=2&usg=AOvVaw2KmtDTHkCof8w8aGpKQ4xv" rel="nofollow">EY</a>, talks to Sean Aylmer about the health of the Australian banking sector.</p>
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