May 5, 2020 / 12:31 AM / a month ago

BRIEF-Fitch Ratings Says Hefty Impairment Charges Signal Asset-Quality Pressure On Australia Banks

May 4 (Reuters) - Fitch Ratings:

* FITCH RATINGS SAYS HEFTY IMPAIRMENT CHARGES SIGNAL ASSET-QUALITY PRESSURE ON AUSTRALIA BANKS

* FITCH SAYS AUSTRALIA BANKS’ NON-INTEREST INCOME MAY CONTINUE TO DECLINE DUE TO A SLOWDOWN IN CUSTOMER ACTIVITY

* FITCH EXPECTS CORONAVIRUS PANDEMIC TO HAVE LIMITED IMPACT ON MAJOR AUSTRALIAN BANKS’ LIQUIDITY POSITIONS, REFLECTING STRONG SUPPORT FROM CENTRAL BANK Source text for Eikon:

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