[D5] Bank lending classified by sector

D5 BANK LENDING CLASSIFIED BY SECTOR

Financial aggregates are compiled by the RBA using data primarily supplied by authorised deposit-taking institutions (ADIs) and non-ADIs. The data for the levels of financial aggregates in Table D5 are for banks and not adjusted for series breaks.

Historical levels and growth rates for the financial aggregates are often revised owing to the resubmission of data by some financial intermediaries, the re-estimation of seasonal factors and the incorporation of securitisation data. The RBA credit aggregates measure credit provided by financial institutions operating domestically. They do not capture cross-border or non-intermediated lending.

From July 2019, the financial aggregates are compiled using an improved conceptual framework and a new data collection. This is referred to as the Economic and Financial Statistics Collection. Various movements from the June 2019 to July 2019 reporting periods are sizable, in part because the new data collection more consistently classifies loans according to their purpose. For more information, see Updates to Australia’s Financial Aggregates (available at <https://www.rba.gov.au/publications/bulletin/2019/mar/updates-to-australias-financial-aggregates.html>).

From April 2023, the financial aggregates were revised to remove the effect of lending to warehouse trusts in business credit. Warehouse trusts are revolving credit facilities used by non-bank lenders to fund the origination of loans. Including lending to warehouse trusts in business credit double counts loans from non-banks that are separately recorded in housing or business credit. Total and business credit excluding financial businesses are the longest series available, starting from April 2003. The financial aggregates also include a series of total business credit that excludes loans to warehouse trusts, available from July 2019. Business and total credit that includes lending to warehouse trusts were discontinued as at 30 June 2019. The following series were discontinued as at 30 June 2019: • Commercial lending; Business sector (DBLSCLNFS) • Commercial lending; Total (DBLSCLT) This change will not affect the content of the series. The following series were added to the table, available from April 2003: • Commercial lending; Business sector; excluding financial businesses (DBLSCLNFB) • Commercial lending; Total; excluding financial businesses (DBLSCLTNFB) These series capture credit to non-financial businesses. This includes lending to community service organisations and non-financial businesses.