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

Tuesday 7 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 September 2021.

Measures of ADI industry resilience remained strong in the September 2021 quarter despite lockdowns across the country. Industry profitability improved over the past year, partly due to ADIs releasing provisions raised during the earlier stages of the pandemic. ADIs held strong capital and liquidity positions and non-performing loans remained broadly stable.

In residential mortgage lending, the share of new lending with high debt-to-income ratios continued to increase over the quarter, influenced by the low interest rate environment, increasing house prices and relatively low wage growth. APRA announced a 50 basis point increase to the minimum interest rate buffer used in ADI serviceability assessments, from 1 November 2021, which would not be reflected in this September data.

Key statistics for ADIs1 for the September 2021 quarter were:    

 

 

September 2020

September 2021

Year on Year Change

Net profit after tax (year-end)

$21.0 billion

$36.4 billion

+73.2%

Total assets

$5,243.0 billion

$5,474.8 billion

+4.4%

Total capital base

$355.1 billion

$395.1 billion

+11.3%

Total risk-weighted assets

$2,106.8 billion

$2,133.0 billion

+1.2%

Total capital ratio

16.9%

18.5%

+1.7 percentage points

Minimum liquidity holdings ratio

19.7%

19.6%

-0.1 percentage points

Liquidity coverage ratio

144.5%

133.1%

-11.4 percentage points

Impaired assets and past due items

$37.7 billion

$35.2 billion

-6.8%

 

Key statistics for ADIs conducting residential mortgage lending for the quarter were2:

 

 

September 2020

September 2021

Year on Year Change

Residential mortgages – credit outstanding

$1,856.1 billion

$1,962.1 billion

5.7%

of which: Owner-occupied

$1,153.1 billion

$1,263.8 billion

9.6%

of which: Investment

$608.4 billion

$614.2 billion

1.0%

 

Residential mortgages – credit outstanding

September 2020 (share of total)

September 2021 (share of total)

Year on Year Change

Owner-occupied

63.7%

65.7%

+2.0 percentage points

Investment

33.6%

31.9%

-1.7 percentage points

Interest-only

15.2%

12.3%

-3.0 percentage points

LVR ≥ 90 per cent

4.8%

4.3%

-0.5 percentage points

Non-performing

1.1%

0.9%

-0.1 percentage points

 

September 2020

September 2021

Change

New residential mortgage loans funded
during the quarter

$113.3 billion

$167.8 billion

48.2%

 

New residential mortgage loans funded during the quarter

September 2020 (share of total)

September 2021 (share of total)

Change

Owner-occupied

69.5%

68.9%

-0.6 percentage points

Investment

28.8%

29.3%

+0.5 percentage points

Interest-only

18.7%

19.0%

+0.3 percentage points

LVR ≥ 90 per cent

10.4%

7.5%

-2.9 percentage points

Debt-to-income ≥ 6x

16.3%

23.8%

+7.5 percentage points

 

Key commercial property statistics for ADIs for September 2021 were:

 

 

September 2020

September 2021

Year on Year Change

Total commercial property limits

$356.6 billion

$381.2 billion

6.9%

Total commercial property exposures

$302.6 billion

$320.4 billion

5.9%

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 September 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.

Statistics

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, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $7.9 trillion in assets for Australian depositors, policyholders and superannuation fund members.