Three out of the four major banks recorded investment lending growth above APRA’s 10% guideline in June.
According to APRA’s monthly banking statistics, ANZ
, Commonwealth Bank and NAB
all reported growth in their investment loan portfolios above the regulator’s benchmark in the year to June 2015.
The worst offender was NAB
, which recorded growth of 14% in its investor portfolio over the year. However, it should be noted that NAB
has by far the smallest residential investor loan portfolio of the major banks – with $85.9 billion less than the largest lender for investment loans, Westpac.
was followed by ANZ
, which recorded growth of 12% and CBA
, which recorded growth just above APRA’s guidelines at 10.2%.
Australia’s biggest lender to investors, Westpac was the only major lender who recorded growth in its investment loan portfolio below 10%. However, it only just made it, recording growth of 9.9% in the 12 months to June 2015.