All major banks report resi loan growth: APRA

The Australian Prudential Regulation Authority (APRA) has released its latest statistics on Australian authorised deposit-taking institutions (ADIs) for the month ended 31 January and found that loan books across Australia’s banks equated to $2.16 trillion, an increase from $2.15 trillion as of 31 December.

This increase reflected a $7 billion increase from December to January (0.32 per cent). As of 31 January 2023, the mortgage loan book was $2.06 trillion. As such, over the year it grew by $97 billion, a 0.47 per cent growth.

Owner-occupied mortgage loans rose from $1.46 trillion to $1.47 trillion from December to January 2024. This reflects a $6 billion (0.41 per cent) growth from the previous month.

Investment loans made up $697 billion of ADI books, an increase of $2 billion (0.29 per cent) from $695 billion in December.

Growth in all major bank loan books

All major banks recorded growth in loan books over the month ending 31 January.

The Commonwealth Bank of Australia (CBA) maintained the highest total mortgage loans across the major banks in the month, reporting a residential loan book of $546 billion, a $1.2 billion (0.22 per cent) increase.

CBA recorded growth of $933 million (0.2 per cent) in owner-occupied mortgage loans, while its investment loan book grew $296 million (0.16 per cent).

Westpac had the second-highest book in overall residential loans, with $463 billion in January, a $1.06 billion (0.23 per cent) increase from the previous month.

Westpac also showed a significant increase in owner-occupied loans over the year ended 31 January, recording a $17.9 billion (6.24 per cent) increase to $305 billion.

Australia and New Zealand Banking Group (ANZ) had the greatest increase of the major banks in overall mortgages from December to January, rising to $292.8 billion, an increase of $1.6 billion (0.57 per cent).

ANZ also had the greatest increase in owner-occupied loans, growing by $1.15 billion (0.59 per cent) on December 2023 to $196 billion. The bank had a $15.3 billion (8.4 per cent) increase compared to the same period last year.

Compared to the period ending 31 January 2023, ANZ had the largest increase in mortgage loans against the major banks, showing a $20.8 billion (7.6 per cent) increase over the past year.

Macquarie Bank also reported a significant increase in mortgage loans over the previous year, increasing $11.5 billion (11.1 per cent) to $114.7 billion overall.

National Australia Bank (NAB) reported an overall mortgage loan growth of $918 million (0.29 per cent) in January, increasing to $316.9 billion.

NAB also had an increase in owner-occupied mortgages, with $207 billion in January, an increase of $725 million (0.35 per cent) from December.

NAB’s investment loans increased also to $109 billion, a $193 million (0.17 per cent) increase from $108.8 billion.

[Related: ADI loan books continue to grow: APRA]