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Banks small and large keep growing loan books

by Staff Reporter7 minute read

The latest APRA statistics highlight the growth in the market, with all but one of the top lenders increasing its loan book during the past year.

APRA reported that the Commonwealth Bank had $486.3 billion of loans at the end of May, which marked a 6.8 per cent increase on the year before.

Westpac grew 6.1 per cent to $436 billion, NAB grew 5.4 per cent to $436 billion, while ANZ grew 7.7 per cent to $321.7 billion.

Suncorp Bank added 1.3 per cent to $46.3 billion and Bendigo & Adelaide Bank climbed 7.6 per cent to $42.5 billion.

ING DIRECT increased 0.6 per cent to $41.2 billion, while Bank of Queensland remained steady at $28.9 billion.

Macquarie Bank surged 46.2 per cent to $23.5 billion and Citigroup grew 4.5 per cent to $14 billion.

ME Bank jumped 21.4 per cent to $11.6 billion, while AMP Bank grew 9.3 per cent to $10.2 billion.

[Related: APRA stats for April]