Bank lending

Small Business Lending by Banks remains in the Doldrums, holding back wages and jobs growth

Small Business Lending by Banks remains in the Doldrums, holding back wages and jobs growth

The latest figures on Business Lending from the Reserve Bank of Australiashow that only 10% of new loans in the year to September 2017 were made to SMEs, a growth rate of 4% pa.

Larger loans, mainly to corporates (although not clearly segmented by the RBA sadly), increased by 16% over the same period and accounted for 90% of new loans.