Nov
17
National Australia Sees Demand for Business, Home Loans
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Weaker currency boosting tourism, education, CFO says
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Demand back at 2014 levels despite mortgage-rate increases
National Australia Bank Ltd., which is exiting overseas businesses to focus on its home market, is confident about the prospects for corporate and mortgage lending despite a slowing Australian economy and recent signs that property prices may fall.
Record-low interest rates and a falling currency have helped sectors of the economy such as tourism, education and health care, stimulating demand for loans, while home lending has “kicked back again” after the recent increase in mortgage rates, National Australia’s Chief Financial Officer Craig Drummond said in a telephone interview Tuesday…
National Australia Sees Demand for Business, Home Loans
