Quarterly authorised deposit-taking institution performance statistics - highlights
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Key Statistics 1

APRA's Quarterly Publication Highlights for ADIs have been updated as of December 2024. This quarter's publication, along with future editions, will consist of charts and summary tables without written commentary or insights. This change will bring about consistency for APRA's quarterly publication highlights across all APRA-regulated industries.

 

Dec 2023

Dec 2024

Year-on-year change

Net profit after tax (year-end) ($bn)

39.5

39.6

0.4%

Total assets ($bn)

6,259.7

6,621.5

5.8%

Total capital base ($bn)

434.2

449.6

3.6%

Total risk-weighted assets ($bn)

2,176.5

2,238.0

2.8%

Total capital ratio

20.0%

20.1%

0.1 points

Liquidity coverage ratio

133.7%

132.2%

-1.5 points

Minimum liquidity holdings ratio

17.7%

17.4%

-0.3 points

Net stable funding ratio

117.8%

116.0%

-1.7 points

Financial performance
 

Net profit after tax (NPAT) was $39.5 billion for the year to December 2024. This was a marginal increase compared to the year-ended September 2024. Return on equity also remained solid.
Return on equity (ROE) increased from 10.1 per cent in September 2024 to 11.0 per cent in December 2024 . ROE remains broadly in line with levels seen over the past decade.
Net interest income as a percentage of average gross loans advances on a year-ended basis from December 2019 to December 2024.
Growth in operating income is now increasing, with total operating income rising by 1.5 per cent over the year to December 2024.
Total operating expenses for the year-ended December 2024 grew to $65.5 billion, increasing from the record high of $64.8 billion for the year-ended September 2024.
The charge for bad and doubtful debts for the year-ended December 2024 was $2.8 billion, which is unchanged from the year-ended September 2024.

Asset quality
 

Non-performing loans (NPLs) remain low and stable. NPLs, are a share of gross loans and advances, decreased marginally from 1.11 per cent in September 2024 to 1.09 per cent in December 2024.
The share of well-secured non-performing loans (NPLs) continues to grow, increasing from 75.9 per cent in September 2024 to 76.7 per cent in December 2024. Note: Data prior to March 2022 are not available.

Capital adequacy

The Common Equity Tier 1 (CET1) and Tier 1 ratios were 12.0 per cent and 13.9 per cent, respectively. Please note the series break at the end of the December 2022 quarter due to capital framework reforms.
Tier 2 capital saw a quarterly increase of $8.7 billion, and CET 1 capital increased by $2.5 billion. There was only a minor increase of $0.95 billion in Additional Tier 1 Capital (AT1) in the December 2024 quarter. Overall, total capital increased by $12.2 billion in December 2024.
Risk-weighted assets (RWAs) increased by 4.7 per cent from September 2024 to December 2024.
Year-on-year growth in tier 2 capital is exceeding year-on-year growth in Tier 1 capital. Tier 1 capital declined by 1.5 per cent over the quarter to December 2024, whilst Tier 2 capital increased by 17.7 per cent over the same period.

Liquidity

The industry LCR remained well above the regulatory minimum of 100 per cent, with a marginal increase to 132.2 per cent in the December quarter.
The minimum liquidity holding (MLH) ratio, which is applicable to smaller, less complex ADIs, increased from 17.1 per cent to 17.4 per cent over the quarter. This is well above the regulatory minimum of 9 per cent.
The industry’s aggregate net stable funding ratio (NSFR) increased slightly to 116 per cent, remaining well above the minimum NSFR requirement of 100 per cent.
 

Financial position

Deposits have been increasing, and are now at a record high of $4.2 billion. Year-on-year growth in deposits for December 2024 was 6.2 per cent.
Gross loans and advances have been rising, and are now at a record high of $4.3 trillion. Year-on-year growth in deposits for December 2024 was 5.6 per cent.

Footnote

1 Excludes ADIs that are not banks, building societies or credit unions, such as payment providers.

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