Over-lending is perhaps the most challenging short-term problem for the banks. Rumours are swirling about large rural loan books being offered at substantial discounts, in order to restore a balance to banks' lending mix. This indigestion from rural lending will play poorly in their Australia headquarters and, on top of bigger capital requirements, may just be the straw that breaks the camels back for NAB, the owner of the BNZ.
Details of Mentis' pay were reported today as part of the National Australia Bank's annual financial report.
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