ANZ and Westpac, which deferred interim dividends in late April and early May, are expected to report strong equity capital ratios of about 11 per cent this week, but may continue to sit on shareholder payouts given the continuing uncertainty about the pace of the COVID-19 recovery.
Given its battle with the financial crimes regulator, Westpac is not expected to announce the payment of its deferred interim dividend when it provides an earnings update on Tuesday.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
