Aussie Lending May Have Passed Credit Growth Trough -- Market Talk

Dow Jones05-01

2335 GMT - Total lending in Australia improved for the fourth consecutive month in March, say Goldman Sachs analysts Andrew Lyons and John Li in a note analyzing regulator data. This, they say, provides confidence that the trough of credit growth has been passed. Still, the analysts say they have "yet to see signs of a material acceleration." With regards to housing credit growth, for the three months annualized to March, ANZ is leading the major lenders, GS says, followed by Westpac, NAB and CBA. For business banking, on a three-month annualized basis, NAB leads its major bank rivals, as it does for retail deposits for the same timeframe. (alice.uribe@wsj.com)

(END) Dow Jones Newswires

April 30, 2024 19:35 ET (23:35 GMT)

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For business banking, on a three-month annualized basis, NAB leads its major bank rivals, as it does for retail deposits for the same timeframe. 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This, they say, ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WBC.AU","symbol_name":"WESTPAC BANKING CORPORATION","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2432559496","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432559496","pubTimestamp":1714520100,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2335 GMT - Total lending in Australia improved for the fourth consecutive month in March, say Goldman Sachs analysts Andrew Lyons and John Li in a note analyzing regulator data. 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For business banking, on a three-month annualized basis, NAB leads its major bank rivals, as it does for retail deposits for the same timeframe. 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