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LENDING BY FINANCIAL INSTITUTIONS
The lending activities of financial institutions are grouped for statistical purposes into four major types of lending - housing, personal, commercial and leasing. Information regarding housing finance is presented in the Housing chapter. Table 26.26 shows the size of commitments by financial institutions for the four types of lending. It should be noted that, although commitments are firm offers of finance made by institutions that have been accepted by borrowers, not all commitments are taken up by borrowers.
26.26 FINANCIAL INSTITUTIONS, Lending commitments
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 | 2002-03 | 2003-04 | 2004-05 |
| Type of lending activity | $m | $m | $m |
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| Housing finance | 108,975 | 127,632 | 133,666 |
| Personal finance | 68,905 | 79,302 | 73,702 |
| Commercial finance | 262,139 | 292,467 | 307,991 |
| Lease finance | 6,312 | 6,371 | 6,308 |
| Total | 446,331 | 505,772 | 521,667 |
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| Source: Lending Finance, Australia (5671.0). |
LEASE FINANCE
The statistics in tables 26.27 and 26.28 measure lease finance commitments made by significant lenders (banks, money market corporations, finance companies, general financiers, etc.) to trading and financial enterprises, non-profit organisations, governments, public authorities and individuals.
26.27 LEASE FINANCE COMMITMENTS, By type of lessor
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| 2002-03 | 2003-04 | 2004-05 |
| $m | $m | $m |
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| All banks | 1,976 | 1,957 | 2,219 |
| Finance companies | 1,251 | 1,319 | 1,275 |
| General financiers | 1,706 | 1,962 | 1,706 |
| Other(a) | 1,379 | 1,133 | 1,108 |
| Total | 6,312 | 6,371 | 6,308 |
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(a) Includes money market corporations.
Source: Lending Finance, Australia (5671.0). |
26.28 LEASE FINANCE COMMITMENTS, By type of good leased
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| 2002-03 | 2003-04 | 2004-05 |
| $m | $m | $m |
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| Motor vehicles and other transport equipment | 2,905 | 3,105 | 3,192 |
| Construction and earth moving equipment | 313 | 294 | 409 |
| Agricultural machinery and equipment | 174 | 174 | 157 |
| Automatic data processing equipment and office machinery | 1,956 | 1,865 | 1,532 |
| Shop and office furniture, fittings and equipment | 164 | 196 | 236 |
| Other goods | 802 | 736 | 781 |
| Total | 6,314 | 6,370 | 6,307 |
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| Source: Lending Finance, Australia (5671.0). |
PERSONAL FINANCE
Tables 26.29 and 26.30 present statistics of commitments made by significant lenders (banks, credit cooperatives, finance companies, etc.) to lend to individuals for their own personal (non-business) use. The revolving credit commitments provided in table 26.30 include commitments for overdrafts, credit cards and other personal revolving lines of credit.
26.29 PERSONAL FINANCE COMMITMENTS, By type of lender(a)
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| 2002-03 | 2003-04 | 2004-05 |
| $m | $m | $m |
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| All banks | 52,971 | 62,194 | 57,386 |
| Finance companies | 9,230 | 10,902 | 5,052 |
| Credit cooperatives | 3,540 | 3,374 | 3,283 |
| Other lenders(b) | 3,164 | 2,831 | 7,981 |
| Total | 68,905 | 79,301 | 73,702 |
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(a) Includes both fixed loan facilities and new and increased lending commitments under revolving credit facilities.
(b) Includes permanent building societies, general financiers and retailers.
Source: Lending Finance, Australia (5671.0). |
26.30 PERSONAL FINANCE COMMITMENTS, By type of facility
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| | | 2002-03 | 2003-04 | 2004-05 |
| $m | $m | $m |
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| Fixed loan commitments | 30,478 | 33,968 | 33,435 |
| Revolving credit commitments | | | |
| New and increased credit limits | 38,427 | 45,334 | 40,268 |
| Cancellations and reductions in credit limits | 13,270 | 16,873 | 18,004 |
| Credit limits at 30 June | | | |
| | Total | 153,506 | 184,851 | 206,499 |
| | Used | 75,142 | 88,998 | 100,784 |
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| Source: Lending Finance, Australia (5671.0). |
COMMERCIAL FINANCE
The statistics in tables 26.31 and 26.32 measure commitments, made by significant lenders (banks, finance companies, money market corporations, etc.) to lend to government, private and public enterprises, non-profit organisations and individuals for investment and business purposes.
26.31 COMMERCIAL FINANCE COMMITMENTS(a)
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| 2002-03 | 2003-04 | 2004-05 |
| $m | $m | $m |
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| All banks | 228,270 | 245,273 | 262,163 |
| Finance companies | 6,193 | 6,028 | 4,608 |
| Money market corporations | 5,798 | 8,934 | 4,096 |
| Other lenders(b) | 21,879 | 32,231 | 37,124 |
| Total | 262,140 | 292,466 | 307,991 |
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(a) Includes both fixed loan facilities and new and increased lending commitments under revolving credit facilities.
(b) Includes permanent building societies, general financiers and pastoral finance companies.
Source: Lending Finance, Australia (5671.0). |
26.32 FIXED COMMERCIAL FINANCE COMMITMENTS
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| 2002-03 | 2003-04 | 2004-05 |
| Purpose | $m | $m | $m |
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| Construction | 18,568 | 16,014 | 17,836 |
| Purchase of real property(a) | 70,306 | 84,862 | 75,070 |
| Purchase of plant and equipment | 12,890 | 13,213 | 13,770 |
| Refinancing | 12,413 | 16,200 | 17,070 |
| Other purposes | 55,318 | 64,574 | 75,341 |
| Total | 169,495 | 194,863 | 199,087 |
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(a) Purchase of real property includes those finance commitments to individuals for the purchase of dwellings for rental or resale.
Source: Lending Finance, Australia (5671.0). |
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