Powered by MOMENTUM MEDIA
the adviser logo
Lender

Commercial lending ticks up in April: ABS

by Lucy Dean1 minute read
Commercial lending ticks up in April: ABS

Month-on-month commercial finance lending has ticked up slightly in April following three months of negative growth, according to the Australian Bureau of Statistics.

Trend estimates of commercial lending commitments rose by 0.3 per cent in April, however seasonally adjusted estimates show a month-on-month drop of 4.8 per cent.

The ABS also reported an increase of revolving credit (a line of credit that is automatically replenished as debts are repaid) commitments of 4.1 per cent and a drop of 0.6 per cent for fixed lending commitments.

In contrast, seasonally adjusted figures revealed a fall of 21.8 per cent for revolving credit commitments and a boost of 0.7 per cent for fixed lending commitments.

[Related: SMEs prioritising growth and expansion, finds major bank]

 

 

goingup

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

Stephen Hale ta

MFAA launches near-prime, specialist loan resource

Coined Finance for when your customer doesn’t fit the mould: A broker’s guide to near-prime and...

READ MORE
Daniel Newell Gedda

Specialist lender LoanU rebrands to Gedda

The personal and auto loan provider LoanU, which specialises in helping Australians with impaired credit histories...

READ MORE
tech tools

CBA introduces AI technology to combat scams

New figures released by the competition watchdog this week have revealed that Australians lost more than $2 billion...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more