Data › APRA monthly banking statistics › May 2026
APRA Monthly Briefing · May 2026
Australian banks in May 2026: $5.93 trillion of assets, lending up 0.8%, deposits flat
System Assets $5.93tn +0.48% MoM · +5.70% YoY117 ADIs reportingSource · APRA MADIS
This monthMay
Funding gap widens $31.6bn as deposit growth stalls. Lending grew +$31.0bn in May against −$0.6bn of new deposits; the funding gap now sits at $643.7bn - this month alone is over half of the past year's move. Households mirrored it: housing lending +$13.1bn vs +$2.7bn of new household deposits. Consumer credit (cards + personal) grew +0.43% - above its +0.20% typical month.
The numbers · tap a row for detail
Total lending$4.07tn+0.77%above avgHousing lending$2.49tn+0.53%in lineOwner-occupier housing$1.68tn+0.43%in lineInvestor housing$812.9bn+0.73%in lineBusiness lending$1.25tn+0.65%below avgCredit cards$27.4bn−0.23%below avgPersonal lending$69.0bn+0.69%above avgTotal deposits$3.42tn−0.02%below avgHousehold deposits$1.75tn+0.15%below avgBusiness deposits$905.2bn+0.31%below avgFI, government and community deposits$771.9bn−0.78%below avgFunding gap$643.7bn+$31.6bnacceleratingWholesale funding$1.23tn−0.52%below avgNCDs$229.9bn+0.29%below avg
System & Big 5
Where the money moved this month - each card shows the system total, the move against a typical month, and which of the Big 5 drove it.
Total lending$4.07tn system
Macquarie led at 2.2× system pace
▲ +$31.0bn MoM (+0.77%)prior month +0.64% · past 12 mo +8.25%
typical month+0.66%above avg
Month-on-month · Big 5 + rest of system
Macquarie has led on pace for every one of the 6 months measured · Westpac up from 5th to 2nd
Big-5 share 76.7% · past 12 mo +$310.0bn (+8.25%) · households 64% · business 31%
Total deposits$3.42tn system
System was broadly flat · Macquarie was the largest mover at +$3.2bn
▼ −$0.6bn MoM (−0.02%)prior month +0.60% · past 12 mo +8.13%
typical month+0.65%below avg
Month-on-month · Big 5 + rest of system
Big-5 share 79.4% · past 12 mo +$257.5bn (+8.13%) · households 51% · business 26% · financial institutions, government and community 23%
Household deposits$1.75tn system
Macquarie took 76% of the system's +$2.7bn move
▲ +$2.7bn MoM (+0.15%)prior month +0.84% · past 12 mo +7.88%
typical month+0.64%below avg
Month-on-month · Big 5 + rest of system
Macquarie has led on pace for every one of the 6 months measured · NAB up from 5th to 2nd
Big-5 share 78.6% · past 12 mo +$127.6bn (+7.88%)
Housing lending$2.49tn system
Macquarie led at 3.3× system pace
▲ +$13.1bn MoM (+0.53%)prior month +0.56% · past 12 mo +6.93%
typical month+0.56%in line
Month-on-month · Big 5 + rest of system
Macquarie has led on pace for every one of the 6 months measured
Big-5 share 80.5% · past 12 mo +$161.3bn (+6.93%) · OO 67% · INV 33%
Owner-occupier housing$1.68tn system
Macquarie led at 4.0× system pace
▲ +$7.2bn MoM (+0.43%)prior month +0.44% · past 12 mo +5.96%
typical month+0.48%in line
Month-on-month · Big 5 + rest of system
Macquarie has led on pace for every one of the 6 months measured · CBA up from 4th to 2nd
Big-5 share 78.4% · past 12 mo +$94.1bn (+5.96%)
Investor housing$812.9bn system
Macquarie led at 2.5× system pace
▲ +$5.9bn MoM (+0.73%)prior month +0.81% · past 12 mo +9.01%
typical month+0.72%in line
Month-on-month · Big 5 + rest of system
Macquarie has led on pace for every one of the 6 months measured
Big-5 share 85.0% · past 12 mo +$67.2bn (+9.01%)
Credit cards$27.4bn system
▼ −$63m MoM (−0.23%)prior month −2.57% · past 12 mo −1.30%
typical month−0.09%below avg
Month-on-month · Big 5 + rest of system
Westpac led on pace this month, taking over from NAB
Big-5 share 94.5% · past 12 mo −$0.4bn (−1.30%)
Personal lending$69.0bn system
ANZ led at 1.9× system pace
▲ +$0.5bn MoM (+0.69%)prior month +0.70% · past 12 mo +3.96%
typical month+0.33%above avg
Month-on-month · Big 5 + rest of system
ANZ has led on pace for 4 months running
Big-5 share 81.6% · past 12 mo +$2.6bn (+3.96%)
Financial institution, government and community deposits$771.9bn system
▼ −$6.1bn MoM (−0.78%)prior month +0.63% · past 12 mo +5.18%
typical month+0.43%below avg
Month-on-month · Big 5 + rest of system
ANZ led on pace this month, taking over from Macquarie · Westpac up from 4th to 2nd
Big-5 share 76.9% · past 12 mo +$38.0bn (+5.18%) · financial institutions 80% · government 15% · community service organisations 6%
Who’s growing where
The same books cut by segment - per-bank month-on-month growth RATES (fair race across book sizes), plus how each bank funds itself.
Housing: owner-occupier vs investor
Mortgage books only, split by borrower purpose.
Investor grew 1.7× owner-occupier pace · Macquarie led at +1.81%
Owner-occupier·Investor· bars = MoM %
system pace: Owner-occupier +0.43% · Investor +0.73% MoM
Lending: household vs business
Household = mortgages + credit cards + personal lending. Mortgages alone appear under Housing lending.
Business grew +0.65% vs +0.53% · Westpac led at +1.28%
Household·Business· bars = MoM %
system pace: Household +0.53% · Business +0.65% MoM
Deposits: household vs business
Household = deposits held by natural persons; business = non-financial corporations.
Business grew 2.0× household pace · Macquarie led at +1.29%
Household·Business· bars = MoM %
system pace: Household +0.15% · Business +0.31% MoM
Funding mixdeposits vs wholesale
ANZ leans most on wholesale markets (30.9% of deposits plus wholesale) · CBA is the most deposit-funded (80.3%)
Deposits·Wholesale
system: deposits 73.6% · wholesale 26.4% · wholesale = short-term + long-term borrowings (NCDs are inside both)
Beyond the Big 5
The other ~110 ADIs - roughly a quarter of system lending the majors’ cards don’t show: regionals, foreign branches, mutuals and neobanks.
Beyond the Big 523.3% of system lending
Biggest individual movers among lending books over $5.0bn: Bank of America +$3.3bn · ING Bank +$0.9bn · The Hongkong and Shanghai Banking Corporation −$0.7bn
Peer groups · lending month-on-month · 12-mo share shift
share of system lending: Regional Banks 10.4% (−0.53pp yr) · Foreign Banks 8.6% (+0.12pp yr) · Mutuals 3.8% (+0.03pp yr) · Neobanks 0.4% (+0.04pp yr)
Funding gap
Lending minus deposits. When loan books grow faster than deposits, the difference has to be funded somewhere else - NCDs (short-term money-market paper) are one of the main plugs.
System funding gap$643.7bn now
Widened +$31.6bn in the month - this month alone is over half of the past year's +$52.5bn move
▲ +$31.6bn MoM (+5.17%)prior month +0.86% · past 12 mo +8.88%
typical month+0.74%accelerating
driver: lending +$31.0bn vs deposits −$0.6bn
Big-5 gap month-on-month
gap $643.7bn · past 12 mo +$52.5bn · prior month +$5.2bn
Household funding gap$837.9bn now
Widened +$10.8bn in the month - this month alone is roughly a third of the past year's +$36.0bn move
▲ +$10.8bn MoM (+1.31%)prior month −0.11% · past 12 mo +4.49%
typical month+0.38%widening
driver: household lending +$13.5bn vs deposits +$2.7bn
Big-5 gap month-on-month
gap $837.9bn · past 12 mo +$36.0bn · prior month −$0.9bn
Wholesale funding$1.23tn system
NAB took 71% of the system's −$6.4bn move
▼ −$6.4bn MoM (−0.52%)prior month +0.27% · past 12 mo +3.83%
typical month+0.32%below avg
Month-on-month · Big 5 + rest of system
NAB led on pace this month, taking over from ANZ · ANZ down from 1st to 3rd
Big-5 share 73.5% · past 12 mo +$45.3bn (+3.83%) · short-term 39% · long-term 61% · securitised assets on balance sheet $719.3bn
Negotiable certificates of deposit$229.9bn system
NAB was the largest mover at −$2.0bn
▲ +$0.7bn MoM (+0.29%)prior month +9.74% · past 12 mo +8.00%
typical month+0.71%below avg
Month-on-month · Big 5 + rest of system
Big-5 share 55.5% · past 12 mo +$17.0bn (+8.00%) · NCDs 19% of wholesale
NCDs are short-term IOUs banks issue to investors, usually under a year - a rising balance means more lending funded from money markets rather than customer deposits.
Cite this pagewritten 2026-10-31
Open Market Intel, "Australian banks in May 2026", from APRA Monthly Authorised Deposit-taking Institution Statistics, May 2026. https://openmarketintel.com/data/apra/2026-05
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Source figures are APRA's, published under Creative Commons Attribution 3.0 Australia at apra.gov.au.