Australia’s major banks reported a cash profit after tax of $15.6 billion for the 2017 half year, up 6.2 percent compared to the first half of 2016. The positive result was achieved in spite of the challenging environment of rising regulatory capital and margin erosion.
In the face of increasing global geo-political uncertainty and subdued local market conditions, the majors continue to reshape their businesses in response to a complex operating environment.
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