Scope
This publication presents statistics on borrower-accepted commitments made for the purposes of housing, personal and business lending.
A borrower-accepted commitment is a firm offer to provide a loan which has been accepted by the borrower. A commitment exists once the loan application has been approved, and a loan contract or letter of offer has been issued to the borrower, and the borrower has accepted the offer.
Data is sourced from all Authorised Deposit-taking Institutions (ADIs) and Registered Financial Corporations (RFCs) that have significant lending activity in Australia for the purposes of housing, personal or business lending.
Significant lending activity is determined by a reporting threshold, which is based on the amount of housing, personal or business credit outstanding as reported on the Reporting Form ARF 720.1 A/B ABS/RBA Loans and Finance Leases (Banks)/(Non-Bank ADIs and RFCs):
Reporting thresholds
- Business finance - business credit ≥ $2.0 billion
- Housing finance - housing credit ≥ $3.0 billion
- Personal finance - personal credit ≥ $0.5 billion
The reporting thresholds capture approximately 95% of lending activity for each purpose.
Geographical coverage
Data is available at the state and national level for housing. Data for personal and business lending is available at the national level only.
Source
Data is provided by lending institutions. The EFS collection is administered by the Australian Prudential Regulation Authority (APRA) on behalf of the ABS and the Reserve Bank of Australia (RBA). Specifically, the reporting forms include:
Collection method
APRA collects data from lending institutions on behalf of the ABS and the RBA. ADIs and RFCs which meet the reporting threshold report to APRA. For these statistics, APRA does not collect borrower-level or loan-level data; lenders report a single number for each data category.
Concepts, sources and methods
The EFS collection has detailed reporting guidance and definitions, please refer to Reporting Practice Guide RPG 701.0 ABS/RBA Reporting Concepts and Reporting Standard ARS 701.0 ABS/RBA Definitions.