Jun
14

Aussie Banks Regain Mojo as Loans Beat Bonds by Most Since 2012

By
  • Non-financial company loans rise 7.8% in 12 months to April
  • More than 80% of firms’ funding now comes from bank loans

Australian companies are depending on bank loans for a greater share of their borrowing needs than at any time in the past four years, with less than a fifth being funded by bonds and short-term paper.

The amount non-financial companies have borrowed from banks climbed 7.8 percent to an unprecedented A$854.4 billion ($631 billion) in the 12 months through April, while the sum owed to investors in fixed-income securities has dropped 4.5 percent to A$211.4 billion, Reserve Bank of Australia data show. The proportion of funding through loans climbed to as much as 80.2 percent in April…

Aussie Banks Regain Mojo as Loans Beat Bonds by Most Since 2012

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.