Via Banking Day:
Macquarie Securities has reviewed the institutional loan portfolios of the major banks, using a number of quality screens to assess their strengths: the rate of growth in the lead-up to the downturn; the proportion of listed versus unlisted companies; the proportion of companies with credit ratings; the average credit rating across the portfolio; and offshore exposure.
Based on its analysis, Westpac’s institutional loan book is ranked ahead of its peers, followed by ANZ and Commonwealth Bank, with NAB having the lowest portfolio quality.
