Original article by James Eyers
The Australian Financial Review – Page: 8 : 18-Aug-15
National Australia Bank has identified 40 postcodes where loan applications are scrutinised more thoroughly because of higher risk of default. David Gall, chief risk officer of National Australia Bank, says rising interest rates and unemployment have made certain localities more vulnerable to economic stress. According to Digital Finance Analytics, risky localities include Kambah in Canberra, Grasstree Hill and Honeywood in South Tasmania, and Leigh Creek and Lyndhurst in South Australia.
CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, DIGITAL FINANCE ANALYTICS