National Australia Bank Limited
(ASX:NAB) is pushing to establish a corporate bond market, warning banks may not have the funds to lend to business amid strict regulations.
Executive general manager of debt markets at National Australia Bank Steve Lambert says banks may find it increasingly difficult to lend to business amid stronger credit demand and global rules requiring banks to hold more capital.
Mr Lambert has told media there’s a need for alternative sources of funding.
The comments come as NAB launches a report on the development of a corporate bond market as a viable funding source for companies.
NAB generated a net profit of $2.52 billion for the first half of the 2013 financial year.
