Bank deposit growth holds up in December

Thursday 31 January 2013

APRA released its December ADI deposit statistics this morning and the news was decent with deposit growth holding in the 8% range after the September quarter falls:

Given lackluster credit growth, banks should be able to fund credit growth internally at these levels.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.