Marker 04

Australia’s major banks have delivered a strong set of results for the 2023 full year - $31.99 billion in combined statutory earnings across Commonwealth, Westpac, ANZ and NAB. That’s up 8.2% on the previous year.

But there might be challenging times ahead, as economic headwinds continue to build, and loan momentum slows. Doug Nixon, Oceania Banking and Capital Markets Leader at EY, talks to Sean Aylmer about the health of the Australian banking sector.

Australia’s major banks have delivered a strong set of results for the 2023 full year - $31.99 billion in combined statutory earnings across <a href="https://www.google.com/url?q=https://www.commbank.com.au/&amp;sa=D&amp;source=calendar&amp;usd=2&amp;usg=AOvVaw3H4EZb6oxOPGJ-aPzO_03j">Commonwealth</a>, <a href="https://www.google.com/url?q=https://www.westpac.com.au/&amp;sa=D&amp;source=calendar&amp;usd=2&amp;usg=AOvVaw1cY43HQX2ok8DE4cYc2LoB">Westpac</a>, <a href="https://www.google.com/url?q=https://www.anz.com.au/&amp;sa=D&amp;source=calendar&amp;usd=2&amp;usg=AOvVaw2PJ7FBQKHYTy_5ucZGq3RL">ANZ</a> and <a href="https://www.google.com/url?q=https://www.nab.com.au/&amp;sa=D&amp;source=calendar&amp;usd=2&amp;usg=AOvVaw0wZljAWNJT0W06D2SUYMsn">NAB</a>. That’s up 8.2% on the previous year. But there might be challenging times ahead, as economic headwinds continue to build, and loan momentum slows. Doug Nixon, Oceania Banking and Capital Markets Leader at <a href="https://www.google.com/url?q=https://www.ey.com/en_au&amp;sa=D&amp;source=calendar&amp;usd=2&amp;usg=AOvVaw2KmtDTHkCof8w8aGpKQ4xv">EY</a>, talks to Sean Aylmer about the health of the Australian banking sector.

Business news you can use. A daily business news podcast with journalists Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Business news you can use. A daily business news podcast with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>.&nbsp;Find out more at&nbsp;<a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

Fear and Greed is Australia's most popular business podcast.

FEAR & GREED | Business News

Daily business news for people who make their own decisions, with business journalist Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

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