Three out of four major banks above APRA's investment guideline

by Julia Corderoy03 Aug 2015
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. 

NAB 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.