Please find attached
the latest Moody’s report highlighting the sector outlook for 2017 – a must read document ahead of the 2017 strategy planning period.
“We expect the profitability of mutual financial institutions will continue to be pressured by competition for retail deposits and owner-occupied mortgages, as well as rising credit costs. Lower profits will challenge their ability to generate sufficient internal capital to support asset growth. Australia's mutuals face credit challenges that are broadly similar to those of the listed commercial banks, to which we assigned a negative outlook earlier this year, based on higher levels of household indebtedness and low wage growth, which have increased tail risks in the housing market…”
Please do not hesitate to contact Instil CEO Tony Schesser (firstname.lastname@example.org
) for any contacts at Moody’s in connection with this report.