Australian banks Westpac, NAB, and ANZ are poised for over $30 billion in profits amid resilient borrowers.

Resilient borrowers in Australia, who are managing their home loans despite rising interest rates and living costs, are expected to boost profits for major banks Westpac, NAB, and ANZ. These banks will release their full-year results soon, with expectations of combined profits exceeding $30 billion for 2024. However, profits for NAB, ANZ, and Westpac are forecasted to be over $20 billion, reflecting an 8% decline from last year.

November 03, 2024
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