Australian banks ‘relatively strong’, says RBA

reserve-bank-of-australia

The Reserve Bank of Australia (RBA) said the country's banking system "remains in a relatively strong position" in its latest financial stability review, published today.

The bi-annual review finds that Australian banks have "collectively continued to record strong profits", which have strengthened their capital positions and leave them well-placed to meet the capital requirements of the Basel III accord.

In the real economy, the review notes, some companies have faced challenges from the high

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