Bendigo and Adelaide Bank

A big-spending budget focused on improving regional Victoria, health, housing, education, and transport infrastructure but at the same time pushing debt to eye-watering levels during a recession were the main hallmarks of the Andrews Government’s state budget. To sum it up, it is a Budget tilted towards rebuilding the state economy from the ground up….

Significantly higher impairment charges will be a feature of the upcoming interim reporting season for three of the big banks and will continue to rise next financial year. Macquarie Securities has issued a report on the banking sector, saying: “We now incorporate in our forecasts a credit cycle with impairment charges peaking at around 50…