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APRA releases quarterly authorised deposit-taking institution statistics for December 2021 

The Australian Prudential Regulation Authority (APRA) has released the Quarterly Authorised Deposit-taking Institution (ADI) Performance and the Quarterly ADI Property Exposures publications for the quarter ending December 2021.

Measures of ADI industry resilience remained strong in the December 2021 quarter despite the emergence of the Omicron variant in the latter half of the quarter. Industry net profit improved over the past year returning to pre-pandemic levels, up $15.6 billion, partly driven by the release of provisions raised during the earlier stages of the pandemic. Charges for bad or doubtful debts were down $13.5 billion over the year. ADIs’ capital and liquidity positions were strong and non-performing loans decreased.

Residential mortgage lending remained strong, with both the stock of outstanding loans and new loans funded increasing over the December 2021 quarter. New lending to investors outpaced new lending to owner-occupiers for the quarter. The share of new lending with high debt-to-income ratios increased to 24.4 per cent for the December quarter, compared to 23.8 per cent in the September quarter. However, the rate of growth in the quarter slowed.

Key statistics for ADIs1 for the December 2021 quarter were:    

 

December 2020

December 2021

Year on Year Change

Net profit after tax (year-end)

$21.9 billion

$37.6 billion

+71.4%

Total assets

$5,302.3 billion

$5,622.3 billion

+6.0%

Total capital base

$369.0 billion

$391.5 billion

+6.1%

Total risk-weighted assets

$2,100.6 billion

$2,191.3 billion

+4.3%

Total capital ratio

17.6%

17.9%

+0.3 percentage points

Minimum liquidity holdings ratio

20.2%

19.0%

-1.2 percentage points

Liquidity coverage ratio

141.5%

139.4%

-2.1 percentage points

Impaired assets and past due items

$36.4 billion

$32.7 billion

-10.1%

Key statistics for ADIs conducting residential mortgage lending for the quarter were:2 

 

December 2020

December 2021

Year on Year Change

Residential mortgages – credit outstanding

$1,878.5 billion

$2,000.5 billion

6.5%

of which: Owner-occupied

$1,177.6 billion

$1,294.6 billion

9.9%

of which: Investment

$609.6 billion

$624.7 billion

2.5%

Residential mortgages – credit outstanding

December 2020 (share of total)

December 2021 (share of total)

Year on Year Change

Owner-occupied

64.2%

65.9%

+1.7 percentage points

Investment

33.2%

31.8%

-1.4 percentage points

Interest-only

14.5%

11.7%

-2.8 percentage points

LVR ≥ 90 per cent

4.9%

4.1%

-0.7 percentage points

Non-performing

1.0%

0.8%

-0.2 percentage points

 

December 2020 quarter

December 2021 quarter

Change

New residential mortgage loans funded

$128.1 billion

$171.0 billion

33.4%

New residential mortgage loans funded during the quarter

December 2020 (share of total)

December 2021 (share of total)

Change

Owner-occupied

69.8%

67.8%

-2.1 percentage points

Investment

28.6%

30.4%

+1.8 percentage points

Interest-only

19.4%

19.3%

-0.1 percentage points

LVR ≥ 90 per cent

11.3%

7.9%

-3.5 percentage points

Debt-to-income ≥ 6x

17.3%

24.4%

+7.1 percentage points

Key commercial property statistics for ADIs for December 2021 were:

 

December 2020

December 2021

Year on Year Change

Total commercial property limits

$359.1 billion

$392.6 billion

9.3%

Total commercial property exposures

$303.1 billion

$328.2 billion

8.3%

The Quarterly ADI Performance publication contains information on ADIs’ financial performance, financial position, capital adequacy, asset quality, liquidity and key financial performance ratios. 

The Quarterly ADI Property Exposures publication contains data on commercial and residential property exposures, including detail on risk indicators, serviceability characteristics and non-performing loans.

Copies of the December 2021 publications are available at: Quarterly authorised deposit-taking institution statistics.




Footnotes:

 

1 Excluding ADIs that are not banks, building societies or credit unions. 

2 See Explanatory Notes of QPEX for details of share calculations 

 

Media enquiries

Contact APRA Media Unit, on +61 2 9210 3636

All other enquiries

For more information contact APRA on 1300 558 849.

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $9 trillion in assets for Australian depositors, policyholders and superannuation fund members.