Briefs: banking outlook stable, EzeATM moves into Foodworks
The outlook for banks in Australia and New Zealand remains stable, Moody's Investors Service said yesterday. In a commentary on banks in Asia, Moody's said the two economies "continue to exhibit good growth prospects in the near-term, driven by ongoing resource-sector investments in Australia and earthquake reconstruction in New Zealand. In both cases, while liquidity is structurally weak, when compared to Asian systems, we expect the improvements made since the Global Financial Crisis to remain. However, the resources boom will likely peak in Australia between the end of 2013 and 2014 so pressures in the operating environment may start to build." EzeATM says it has negotiated a preferred supplier agreement with Foodworks supermarkets for three years. The deployer of automatic teller machines said it already has ATMs in 17 Foodworks stores.