Banking Day

Royal commission bites deep into banks

08 November 2019 7:09am

The combined market share of residential mortgages of the four big banks contracted by 92 basis points to 81.2 per cent over the year to September 2019  - and thanks to KPMG for putting that in the top line of their infographic.

The average return on equity decreased by 131 bps to 11.0 per cent and (they just don’t get it) the average dividend payout ratio increased by 161 bps to 85.1 per cent.

The NAB and Westpac dividend cuts are only the beginning.

Article by: Banking Day staff

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