BANKING
SEPTEMBER QUARTER 2009
Assets and Liabilities
- Net foreign assets for the September quarter 2009 has decreased by 2.1% when
compared to June quarter 2009 for all banks surveyed.
- Net domestic credit decreased by 6.3% over the June quarter 2009.
Loans & Advances by Industry
- Total lending for the September 2009 quarter decreased by 0.9% over the previous quarter.
- Borrowings by industry for the September quarter increased for the Transport
and Communication, Public Administration, Wholesale & Retail and Other category by 5.5%, 4.5%, 2.3%, 1.3% and 0.2%
respectively. All other Borrowings from other Industries not mentioned decreased for the quarter.
Money Supply
- Narrow money (M1) increased for the September quarter 2009 by 0.8% when compared to the previous quarter.
- Broad Money (M3) decreased over the previous quarter by 8.2%, the decrease in M3 is explained
by the fall in Term/Savings deposits by 9.6%.
Interest Rates
- The only change this quarter was the increase in Westpac Term deposits rate from 2.50% to 3.45%.
Detailed tables are available here. Or Contact the
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