LENDING BY FINANCIAL INSTITUTIONS
The lending activities of financial institutions are grouped for statistical purposes into four major types of lending: housing, personal, commercial and leasing. Information regarding housing finance is presented in the Housing chapter. Table 27.26 shows the size of commitments by financial institutions for the four types of lending activity. It should be noted that, although commitments are firm offers of finance made by institutions that have been accepted by borrowers, not all commitments are taken up by borrowers.
27.26 LENDING COMMITMENTS OF FINANCIAL INSTITUTIONS |
|
 | 2006 - 07 | 2007 - 08 | 2008 - 09 |
| Type of lending activity | $m | $m | $m |
|
| Housing finance(a) | 174 039 | 174 566 | 175 022 |
| Personal finance | 79 846 | 82 354 | 79 634 |
| Commercial finance | 455 173 | 486 600 | 354 325 |
| Lease finance | 6 325 | 7 012 | 5 687 |
| Total | 715 383 | 750 534 | 614 668 |
|
| (a) Secured finance for owner occupation. Excludes alterations and additions. |
| Source: ABS Lending Finance, Australia (5671.0). |
Lease finance
Table 27.27 shows the value of lease finance commitments made by significant lenders (banks, money market corporations, finance companies, general financiers, etc.) to trading and financial enterprises, non-profit organisations, governments, public authorities and individuals.
27.27 LEASE FINANCE COMMITMENTS, By type of lessor |
|
| 2006 - 07 | 2007 - 08 | 2008 - 09 |
| $m | $m | $m |
|
| Banks | 2 224 | 2 521 | 2 144 |
| Finance companies | 1 034 | 943 | np |
| General financiers | 1 678 | 1 994 | 1 658 |
| Other(a) | 1 389 | 1 554 | np |
| Total | 6 325 | 7 012 | 5 687 |
|
| np not available for publication but included in totals where applicable, unless otherwise indicated |
| (a) Includes money market corporations. |
| Source: ABS Lending Finance, Australia (5671.0). |
Personal finance
Table 27.28 shows the value of commitments made by significant lenders (banks, credit cooperatives, finance companies, etc.) to lend to individuals for their own personal (non-business) use. This includes credit card facilities and personal loans, but excludes secured housing finance.
27.28 PERSONAL FINANCE COMMITMENTS, By type of lender(a) |
|
| 2006 - 07 | 2007 - 08 | 2008 - 09 |
| $m | $m | $m |
|
| Banks | 63 298 | 65 073 | 65 363 |
| Finance companies | 3 298 | 4 023 | np |
| Credit cooperatives | 3 422 | 3 133 | np |
| Other lenders(b) | 9 828 | 10 125 | 8 053 |
| Total | 79 846 | 82 354 | 79 634 |
|
| np not available for publication but included in totals where applicable, unless otherwise indicated |
| (a) Includes both fixed loan facilities and new and increased lending commitments under revolving credit facilities. |
| (b) Includes permanent building societies, general financiers and other registered financial corporations. |
| Source: ABS Lending Finance, Australia (5671.0). |
Commercial finance
Table 27.29 shows the value of commitments, made by significant lenders (banks, finance companies, money market corporations, etc.) to lend to government, private and public enterprises, non-profit organisations and individuals for investment and business purposes. The decrease in the value of commitments in 2008-09 was primarily driven by the global financial crisis.
27.29 COMMERCIAL FINANCE COMMITMENTS, By type of lender(a) |
|
| 2006 - 07 | 2007 - 08 | 2008 - 09 |
| $m | $m | $m |
|
| Banks | 389 859 | 431 661 | 316 561 |
| Finance companies | 4 870 | 5 004 | np |
| Money market corporations | np | np | np |
| Other lenders(b) | np | np | np |
| Total | 455 173 | 486 600 | 354 325 |
|
| np not available for publication but included in totals where applicable, unless otherwise indicated |
| (a) Includes both fixed loan facilities and new and increased lending commitments under revolving credit facilities. |
| (b) Includes permanent building societies, general financiers , pastoral finance companies and other registered financial corporations. |
| Source: ABS Lending Finance, Australia (5671.0). |
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