Australian banks to see weaker profit growth in 2016: Fitch
Clancy YeatesBanking reporter
Updated
Australian banks' profit growth is set to slow further this year as lenders' bottom lines feel the impact of more borrowers falling behind on their loans, Fitch Ratings predicts.
A new report from the credit agency says the cycle of very low loan losses, which has helped to pump up bank profits in recent years, is set to turn in 2016, although it argues this change will be "manageable" for banks.
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Clancy Yeates is deputy business editor. He has covered banking and financial services, and was previously national business correspondent in the Canberra bureau. Connect with Clancy on Twitter.
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