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The latest Monthly Authorised Deposit-taking Institution Statistics (MADIS) for July has shown a slow month for Australia’s banks, according to the Australian Prudential and Regulation Authority (APRA).
During the month, the total loan book for ADIs across the country stood at $2.22 trillion, a rise of $6.77 billion (0.31 per cent) on June’s figure. When compared to the previous comparative period (May 2024 to June 2024), the pace of growth almost halved, falling from 0.7 per cent.
The case was the same when looking at owner-occupier loans and investor loans held by Australia’s banks in July.
Owner-occupier loans largely held steady at $1.51 trillion, rising by $4.89 billion on the previous month (0.33 per cent), down from the previous recorded growth of 0.71 per cent.
Investor loans increased to $711 billion, up by 0.26 per cent ($1.87 billion), down from the 0.6 per cent growth between May and June.
How did the major banks fare?
According to APRA, ANZ’s total loan book for July surpassed the $300 billion mark, reaching $301 billion.
This marked an increase of 0.43 per cent (up by $1.28 billion) in its total loan book, with its owner-occupier book increasing by $679 million (0.33 per cent) to $201 billion and its investor book was up by $607 million, breaking the $100 billion mark.
Australia’s biggest bank, the Commonwealth Bank of Australia (CBA), recorded the largest growth in dollar terms among its big four competitors, further maintaining its mortgage market share.
CBA’s total loan book increased by $2.33 billion to $561 billion (up by 0.41 per cent), with its owner-occupier book climbing by $1.38 billion to $373 billion (0.37 per cent), and investor loan book growth of $942 million (0.5 per cent) to $187 billion.
Meanwhile, NAB was the only big four bank to record a decrease in its total loan book for the month, albeit marginal.
NAB’s total loan book decreased by $329 million (0.1 per cent) to $319 billion, largely as a result of the 0.34 per cent ($377 million) decline in its investor loan book, leaving it at $109 billion. Its owner-occupier book saw a slight increase of $47 million (0.02 per cent), remaining at $210 billion.
Lastly, Westpac’s total loan book held steady at $475 billion in July, after several months of strong growth.
Westpac’s owner-occupier loan book grew by 0.03 per cent to $315 billion (up by $123 million); however, its total growth was offset by a 0.05 per cent decline in its investor book, which dropped by $92 million, remaining above $160 billion.
[RELATED: Aussie banks’ loan books grow over $100bn over the year]
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