Asian lenders take Australia market share

SYDNEY: Asian banks are ramping up their loans business in Australia, taking market share from local lenders who are trying to manage the rising regulatory costs of maintaining adequate capital to protect against potential credit defaults, according to a Basis Point report.

The Australian banks, however, are sanguine about the rising foreign competition, seeing it as a route to participating in syndicated loans that keep its broad client base intact while meeting regulators' stringent rules.