Tue, Jul 22, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Commercial property Watch, Finance, Performance more

Australia’s banks nervous over level of commercial exposure

Posted on 02 October 2008

From The Australian: Australia’s major banks are estimated to have a collective $200 billion exposure to the local commercial property market, a sector that is being drawn deeper into the worsening financial cycle.

Based on figures from investment bank Deutsche Bank, the nation’s top four banks each have a commercial property book — made up of retail, commercial and hotel assets — of $30-40 billion, with up to $6 billion of development. At the next level down, the biggest holder of commercial and construction assets is HBOS-owned BankWest at nearly $20 billion, followed by St George at $14 billion and Suncorp at about $11.5 billion…… Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

July 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
28293031