Reserve Bank of Australia Statistics
The RBA releases figures regarding the total level of Bank lending to businesses, bad debts and various ratios regarding household debt. The increase in each of bank bad debts and bank lending is quite staggering:
- The value of All Bank New Asset Impairment Charges has more than quadrupled to $33.1 billion in the year to October 2009 when compared to the $4.4 billion for 2007.
- It is rarely quoted that total bank lending to corporate Australia has doubled in just five years ($345 billion to $675 billion). The data is graphed at Bank Lending to Business;
- The key measure of consumer indebtedness, Debt to Disposable Income ratio has doubled in the last ten years from 88.3% to 156%). The data is graphed at Household Debt to Annual Disposable Income ;
The value of All Bank New Asset Impairment Charges in the quarter to September 2009 was $7.1 billion which is a drop from the previous record high of $10.8 billion in the June 2009 quarter.
Somewhat surprisingly the level of consumer indebtedness is often quoted but very little emphasis is placed on the total indebtedness of corporate Australia. Together the figures paint a picture of the extremely high levels of debt in the corporate and consumer sectors.
Click on the following links to find details and some graphs of relevant statistics:
- Statistics for a summary of all relevant statistics and our comments
- ASIC statistics for an overview and our comments on the ASIC statistics
- Company Insolvencies per Year (ASIC based statistics)
- Insolvency Appointments by Secured Creditors per Year (ASIC based statistics)
- Restructurings as a percentage of Company Insolvencies (ASIC based statistics)
- Reserve Bank of Australia statistics for an overview and our comments on the RBA statistics
- Bank Lending to Business (RBA based statistics)
- Household Debt to Annual Disposable Income (RBA based statistics)
