A high-quality loan book for Australian banks during the global financial crisis (GFC) meant that:

Question

Answer

Australian banks' profitability fell and Australian banks were severely impacted by the Global Financial Crisis.

Answer

Their non-performing loans as a percentage of their total domestic loan portfolio increased above 2 per cent during the Global Financial Crisis.

Answer

Australian banks' profitability was maintained and Australian banks were not severely impacted by the Global Financial Crisis.

Answer

Their non-performing loans as a percentage of their total domestic loan portfolio fell during the Global Financial Crisis.

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