RBA financial stability review

By IBTimes Staff Reporter | March 24 2010 9:03 PM

The Reserve Bank of Australia released its half yearly financial stability review saying the Australian financial system remained resilient, and credit conditions for companies became less restrictive, which means it became easier for small firms to acquire funds.

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However, the RBA signaled deteriorations in the quality of bank's business loan portfolio, while the report showed the ration of non performing business loans climbed to 3% by the end of 2009, which is 35 basis points higher than the previous six months. Yet, the quality of home loan portfolios remains very high, the bank said.

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