Regional Banks Are Well Placed to Meet APRA's Higher Capital Requirements; FVEs Unchanged
The release of the Australian Prudential Regulation Authority’s "unquestionably strong" regulatory capital requirements for banks and other authorised deposit-taking institutions is a good outcome. It has reduced uncertainty around higher capital requirements and provides a sensible timeline. Our fair value estimates for Bendigo and Adelaide Bank (AUD 11.50), Bank of Queensland (AUD 11.50), and Suncorp Group (AUD 12.00) are unchanged.Australia's regional banks, which use the standardised approa...
Bendigo & Adelaide Bank provides a range of banking and other financial services including consumer, residential, business and commercial lending, deposit-taking, payments services, wealth management, funds management and superannuation, treasury and foreign exchange services. Co. provides these services primarily to retail customers and small to medium sized businesses throughout Australia. The key lending activities are commercial finance, business lending and consumer finance which includes residential loans, personal loans, credit cards and overdrafts. As of June 30 2016, Co. had total assets of A$68.58 billion and total deposits of A$57.05 billion.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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