Which bank is ripping back into specufestor loans?

Monday 31 October 2016

APRA’s monthly banking numbers are out and specufestor mortgage lending remains contained at 0.1% growth month on month and -0.8% year on year:

However several large banks are ripping back into specufestor loans:

	ANZ	CBA	MQG	NAB	WBC	BOQ	BEN	SUN
Sep-16	80513	134011	8988	98590	139294	11562	11103	11794
Aug-16	80605	133134	9051	98221	138350	11645	11024	11839
Jul-16	80859	132274	9137	97829	137514	11773	10915	11878
Jun-16	81305	131298	9191	97544	136918	11901	10865	11886
May-16	81713	129801	9197	97450	136070	11978	11546	11685
Apr-16	82073	128671	9215	97045	135754	12029	11478	11445
Mar-16	82270	128065	9220	96825	135712	11981	11370	11322
Feb-16	82469	127835	9221	96531	135351	11919	11243	11332
Jan-16	82656	127872	9257	96114	135471	11680	11229	11414
Dec-15	82766	128018	9269	95749	135279	11470	11258	11475
Nov-15	82722	127957	9311	95278	135372	11295	11280	11595
Oct-15	82718	128396	9253	94384	134938	11166	11292	11701
Sep-15	82911	129616	9264	94019	149687	11062	11266	11800

CBA’s last four months have grown at an annualised rate of 9.6%. WBC is catching on and beginning to compete.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.