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News Article

Unlocking sustainable deposit book growth

By Damian Young

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As Australian banks seek to strengthen their balance sheets to protect from market crashes, the importance of data mining is likely to increase, writes Nomis Solutions’ Damian Young.

The majority of banks in Australia and New Zealand weathered the storm of the 2008 financial crash far better than their American and European counterparts.

During the fall out of the global financial crisis, they proved to have far less exposure to the complex financial instruments that decimated the balance sheets of global banks and escaped the volatility of the property markets that burst as a result of over-leveraging.

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