By Gareth Vaughan
An area of analyst focus following a trading update and a half-year result from two of Australasia's four big banks this week is banks' low level of bad debts.
Jonathan Mott of UBS points out ANZ, which issued its first quarter trading update last Tuesday, has only had bad debt charges as low as now on three occasions since it began providing bad and doubtful debt data in 1980.
And in their report on ASB's parent Commonwealth Bank of Australia's half-year results, CLSA's Brian Johnson and Ed Henning say low loan losses mean the big Australasian banks are "over earning."
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