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ADI loan books continue to grow: APRA

The regulator has recorded further growth in the overall loan book size of Australia’s banks during November 2023.

The latest statistics on Australian authorised deposit-taking institutions (ADIs) released by the Australian Prudential Regulation Authority (APRA) have revealed that the total mortgage book of the country’s banks increased by 0.43 per cent, from $2.14 trillion in October to $2.15 trillion in November.

The volume of owner-occupier loans held by the country’s ADIs rose by $7.33 billion (0.51 per cent) in November.

The growth in owner-occupier loans has continued to accelerate from the previous month’s increase of $6.3 billion in October, which followed increases in September ($5.6 billion) and August ($5.3 billion), closing out November with a total of $1.46 trillion.

Investor loan volumes also increased in November, up by approximately $1.9 billion (up 0.27 per cent) from the $1.47 billion recorded in October.

A strong month for the major banks

APRA’s stats have revealed positive growth almost across the board in the total mortgage books of the big four major banks.

Most notably, the total mortgage book for Commonwealth Bank of Australia (CBA) has shown positive growth in November, after its book held steady during October, which marked the first month the major bank had recorded no decreases since July 2023.

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CBA’s total mortgage book for November increased by $1.27 billion (0.23 per cent), from $542 billion in October to $543 billion in November.

CBA’s owner-occupier loan book increased by $499 million (0.14 per cent) in November, remaining above $362 billion, while its investor book increased by $776 million (0.43 per cent), also remaining above the previous month’s amount of $180 billion.

NAB was the only major bank to record a decrease during November, shown in its investor book that slightly decreased by $101 million (0.09 per cent) to $108 billion.

However, NAB still recorded overall positive growth, as its owner-occupier loan book increased by $1.11 billion (0.55 per cent) to $205 billion in November, bringing the total mortgage book increase to $314 billion (up 0.32 per cent).

Westpac recorded the strongest overall growth among its competitors, with its total mortgage book increasing by 0.48 per cent ($2.2 billion) to $460 billion in November from $457 billion in October.

Westpac’s owner-occupier book increased by 0.61 per cent ($1.86 billion) to $302 billion, while its investor book increased by 0.22 per cent, remaining above $157 billion in November.

ANZ’s total mortgage book increased by 0.47 per cent ($1.37 billion), from $287 billion in October to $289 billion in November. Its owner-occupier book increased by 0.61 per cent ($1.18 billion) reaching $193 billion in November, while its investor book increased by 0.19 per cent ($189 million) to $95.9 billion.

[RELATED: CBA mortgage book holds steady in October: APRA]

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