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Opinion: Avoiding Australia’s bank funding crisis-to-be

July 16, 2010  

From Richard Morrow

The country’s major lenders have well-documented wholesale funding needs that are only projected to grow in the coming years. The banks need to find new investors and cut their lending books, or the entire nation faces a financial crisis.

“There’s a big reason Australia usually doesn’t have a fiscal deficit,” a senior banker tells Asiamoney in Sydney. “The banks carry it instead.”

Australia has gained many plaudits for having adroitly danced around recession and returned to decent...


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 SYNDICATED LOANS

Rank Bookrunner Value ($m) No. %Share
1 Industrial & Commercial Bank of China - ICBC 1,160 1 16.4
1 Bank of Communications Co Ltd 1,160 1 16.4
3 State Bank of India 964 3 13.6
4 Land Bank of Taiwan 400 7 5.6
5 Maybank Investment Bank Bhd 332 1 4.7
6 AXIS Bank 236 2 3.3
7 IDBI Bank Ltd 124 1 1.8
8 HSBC 92 2 1.3
9 BNP Paribas 92 1 1.3
10 First Commercial Bank Co Ltd 65 4 0.9
Subtotal 4,623 18 65.2
Total 7,090 32 100.0


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