Aussie lenders warm to Asian names in search of loan growth

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By Shruti Chaturvedi
23 Oct 2014

Australian banks’ willingness to lend to borrowers in Asia outside their home market has grown markedly over the past three years as they look overseas for growth opportunities. Happily for them, this strategy has coincided with increasing interest from Asian family-run businesses and Chinese state-owned firms in acquiring assets in Australia and New Zealand. The result has been an intensification of banks' efforts to build relationships across the region, writes Shruti Chaturvedi.

The big four Australian banks are increasingly looking towards borrowers in emerging Asian economies such as Indonesia, India and China for sources of loan growth outside their home turf. Businesses in those markets, as well as the Philippines and Thailand, are becoming increasingly acquisitive, offering opportunities for Australian banks to put ...

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