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APRA releases quarterly authorised deposit-taking institution statistics for March 2023 

The Australian Prudential Regulation Authority (APRA) has released the Quarterly Authorised Deposit-taking Institution (ADI) Performance and the Quarterly ADI Property Exposure publications for the quarter ending 31 March 2023.

The profitability, asset quality, capital and liquidity positions of ADIs remained strong. Capital ratios increased during the quarter as a result of APRA’s recent reforms to the capital framework for ADIs. The non-performing loan ratio was stable but provisioning increased as a result of an expected deterioration in asset quality.

Housing credit continued to moderate over the year to March. Non-performing loans and early arrears remained well below pre-pandemic levels. Higher risk new lending, such as new loans with high loan-to-valuation ratios and high debt-to-income ratios, continued to decline. 

Additionally, APRA has released the first edition of ADI Centralised Publication (ADICP). This contains entity-level key capital and liquidity data to enhance the transparency of the ADI industry and provide relief for smaller ADIs from disclosure obligations. More details on ADICP are available on the APRA website.

APRA has also published a response to its consultation on proposed updates to the Quarterly Authorised Deposit-taking Institution Performance publication. The letter to industry and non-confidential submissions are available here.

Key statistics for ADIs1 for the March 2023 quarter were:

 

March 2022

March 2023

Year on Year Change

Net profit after tax (year-end)

$38.3 billion

$41.2 billion

+7.7%

Total assets

$5,757.7 billion

$6,090.5 billion

+5.8%

Total capital base

$386.7 billion

$428.3 billion

+10.8%

Total risk-weighted assets

$2,248.2 billion

$2,189.7 billion

-2.6%

Total capital ratio

17.2%

19.6%

+2.4 percentage points

Liquidity coverage ratio

135.7%

137.7%

+2.0 percentage points

Minimum liquidity holdings ratio

18.5%

17.8%

-0.7 percentage points

Net stable funding ratio

126.7%

121.7%

-5.0 percentage points

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

 

March 2022

March 2023

Year on Year Change

Residential mortgages – credit outstanding

$2,033.0 billion

$2,141.5 billion

5.3%

of which: Owner-occupied

$1,335.5 billion

$1,420.5 billion

6.4%

of which: Investment

$617.2 billion

$645.5 billion

4.6%

Residential mortgages - credit outstanding

March 2022 (share of total)

March 2023 (share of total)

Year on Year Change

Owner-occupied

66.9%

67.3%

+0.4 percentage points

Investment

30.9%

30.6%

-0.3 percentage points

Interest-only

11.3%

11.1%

-0.2 percentage points

LVR ≥ 90 per cent

3.9%

3.3%

-0.6 percentage points

 

March 2022 quarter

March 2023 quarter

Change

New residential mortgage loans funded

$145.1 billion

$132.7 billion

-8.5%

New residential mortgage loans funded during the quarter

March 2022 (share of total)

March 2023 (share of total)

Change

Owner-occupied

67.3%

67.7%

+0.5 percentage points

Investment

30.9%

30.3%

-0.5 percentage points

Interest-only

19.2%

18.5%

-0.7 percentage points

LVR ≥ 90 per cent

7.3%

5.7%

-1.6 percentage points

Debt-to-income ≥ 6x

23.1%

7.5%

-15.6 percentage points

Key commercial property statistics for ADIs for the March 2023 quarter were:

 

March 2022

March 2023

Year on Year Change

Total commercial property limits

$402.6 billion

$431.9 billion

7.3%

Total commercial property actual exposures

$349.4 billion

$370.8 billion

6.1%

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 March 2023 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, 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.