Domestic banking system lending growth was 2.9%, with positive growth
seen in housing (2.6%) and corporate (2.8%) but negative growth in cards
(-2.9%) and other personal (-2.2%).
ANZ’s lending growth (2.3%)
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NAB’s lending growth (2.7%)
WBC’s lending growth (3.5%)
BEN’s subdued lending growth (0.1%)
We forecast that headwinds to Banks’ margins will re-emerge in 2018.
