Fitch on Australia, NZ - reduced headwinds, improving economic conditions
Fitch report on Australia and New Zealand banks:
- improvement in economic prospects has reduced headwinds
affecting Australia and New Zealand's bank operating environments
- on Australia & NZ banks, says improving
economic conditions should assist earnings through significantly
lower impairment charges
- says believe Australia & NZ banks will
gradually release provisions set aside in 2020 if two economies
perform in line with expectations in 2021
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