Trade finance flows drop
Apr 20, 2012
Export finance value plunge in Australia
Data from East & Partners shows a 13.2% drop in export loans in Australia in the period from 2012 through 2014 and is said to pose a challenge for Australian banks.
Export loan balances have dropped 13.2% in Australia to A$6.04 billion since 2012, after peaking over A$7.25 billion in 2012. Import loan balances, on the flipside, are up 24% from A$9.3 billion to A$11.6 billion over the same timeframe.
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