Data › APRA monthly banking statistics › September 2026
APRA Monthly Briefing · Sep 2026
Australian banks in September 2026: $6.10 trillion of assets, lending up 0.6%, deposits up 0.7%
System Assets $6.10tn +0.71% MoM · +6.73% YoY118 ADIs reportingSource · APRA MADIS
This monthSeptember
System credit expands $22.8bn in September. Lending grew +$22.8bn in September against +$23.2bn of new deposits; the funding gap now sits at $641.5bn.
The numbers · tap a row for detail
Total lending$4.16tn+0.55%below avgHousing lending$2.51tn+0.25%below avgOwner-occupier housing*$1.69tn+0.38%in lineInvestor housing*$818.2bn+0.00%below avgBusiness lending$1.30tn+1.19%above avgCredit cards$27.2bn−0.27%in linePersonal lending$70.3bn+0.14%below avgTotal deposits$3.52tn+0.66%above avgHousehold deposits$1.79tn+1.27%above avgBusiness deposits$914.0bn+0.12%below avgFI, government and community deposits$806.8bn−0.05%below avgFunding gap$641.5bn−$0.4bnnarrowingWholesale funding$1.23tn−0.52%below avgNCDs$209.1bn−7.62%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$4.16tn system
Macquarie led at 2.5× system pace
▲ +$22.8bn MoM (+0.55%)prior month +0.59% · past 12 mo +8.31%
typical month+0.67%below 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 3rd
Big-5 share 76.7% · past 12 mo +$318.9bn (+8.31%) · households 63% · business 31%
* Excludes the sale: Westpac sold the RAMS home loan portfolio ($15.4bn) to a non-bank consortium (Pepper Money, KKR and PIMCO) on 1 August 2026. The sold loans are taken out of the starting balance.
Total deposits$3.52tn system
Macquarie led at 2.5× system pace
▲ +$23.2bn MoM (+0.66%)prior month −0.31% · past 12 mo +7.00%
typical month+0.57%above avg
Month-on-month · Big 5 + rest of system
Macquarie led on pace this month, taking over from Westpac · Westpac down from 1st to 5th
Big-5 share 79.9% · past 12 mo +$229.9bn (+7.00%) · households 51% · business 26% · financial institutions, government and community 23%
Household deposits$1.79tn system
Macquarie led at 2.1× system pace
▲ +$22.5bn MoM (+1.27%)prior month +0.32% · past 12 mo +7.81%
typical month+0.63%above avg
Month-on-month · Big 5 + rest of system
Macquarie has led on pace for 3 months running · Westpac up from 5th to 2nd
Big-5 share 78.9% · past 12 mo +$130.0bn (+7.81%)
Housing lending$2.51tn system
Macquarie led at 5.0× system pace · NAB moved against system
▲ +$6.4bn MoM (+0.25%)prior month +0.31% · past 12 mo +6.26%
typical month+0.50%below avg
Month-on-month · Big 5 + rest of system
Macquarie has led on pace for every one of the 6 months measured
Big-5 share 80.6% · past 12 mo +$147.8bn (+6.26%) · OO 67% · INV 33%
* Excludes the sale: Westpac sold the RAMS home loan portfolio ($15.4bn) to a non-bank consortium (Pepper Money, KKR and PIMCO) on 1 August 2026. The sold loans are taken out of the starting balance.
Owner-occupier housing$1.69tn system
Macquarie led at 4.1× system pace · NAB moved against system
▲ +$6.3bn MoM (+0.38%)prior month −0.27% · past 12 mo +5.03%
typical month+0.41%in line
Month-on-month · Big 5 + rest of system
Macquarie led on pace this month
Big-5 share 78.4% · past 12 mo +$81.0bn (+5.03%)
* These figures include a portfolio sale: Westpac sold the RAMS home loan portfolio ($15.4bn) to a non-bank consortium (Pepper Money, KKR and PIMCO) on 1 August 2026. Its owner-occupier / investor split is not published, so they are as reported. Housing lending in total shows growth excluding the sale.
Investor housing$818.2bn system
System was broadly flat · Macquarie was the largest mover at +$0.6bn
▲ +$33m MoM (+0.00%)prior month −0.39% · past 12 mo +6.71%
typical month+0.54%below avg
Month-on-month · Big 5 + rest of system
Big-5 share 85.1% · past 12 mo +$51.5bn (+6.71%)
* These figures include a portfolio sale: Westpac sold the RAMS home loan portfolio ($15.4bn) to a non-bank consortium (Pepper Money, KKR and PIMCO) on 1 August 2026. Its owner-occupier / investor split is not published, so they are as reported. Housing lending in total shows growth excluding the sale.
Credit cards$27.2bn system
▼ −$72m MoM (−0.27%)prior month +1.16% · past 12 mo −3.34%
typical month−0.27%in line
Month-on-month · Big 5 + rest of system
CBA has led on pace for 2 months running
Big-5 share 94.7% · past 12 mo −$0.9bn (−3.34%)
Personal lending$70.3bn system
Westpac led at 2.0× system pace · NAB moved against system
▲ +$100m MoM (+0.14%)prior month +0.39% · past 12 mo +6.52%
typical month+0.53%below avg
Month-on-month · Big 5 + rest of system
Westpac led on pace this month, taking over from ANZ · ANZ down from 1st to 3rd
Big-5 share 81.6% · past 12 mo +$4.3bn (+6.52%)
Financial institution, government and community deposits$806.8bn system
▼ −$0.4bn MoM (−0.05%)prior month −1.04% · past 12 mo +7.58%
typical month+0.62%below avg
Month-on-month · Big 5 + rest of system
Westpac led on pace this month, taking over from Macquarie
Big-5 share 78.1% · past 12 mo +$56.8bn (+7.58%) · financial institutions 78% · government 17% · community service organisations 5%
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.
Owner-occupier grew +0.38% vs +0.00% · Macquarie led at +1.53%
Owner-occupier·Investor· bars = MoM %
system pace: Owner-occupier +0.38% · Investor +0.00% MoM
These figures include a portfolio sale: Westpac sold the RAMS home loan portfolio ($15.4bn) to a non-bank consortium (Pepper Money, KKR and PIMCO) on 1 August 2026. Its owner-occupier / investor split is not published, so they are as reported. Housing lending in total shows growth excluding the sale.
Lending: household vs business
Household = mortgages + credit cards + personal lending. Mortgages alone appear under Housing lending.
Business grew 4.9× household pace · Macquarie led at +1.80%
Household·Business· bars = MoM %
system pace: Household +0.25% · Business +1.19% MoM
* Excludes the sale: Westpac sold the RAMS home loan portfolio ($15.4bn) to a non-bank consortium (Pepper Money, KKR and PIMCO) on 1 August 2026. The sold loans are taken out of the starting balance.
Deposits: household vs business
Household = deposits held by natural persons; business = non-financial corporations.
Household grew 11.0× business pace · Macquarie led at +2.63%
Household·Business· bars = MoM %
system pace: Household +1.27% · Business +0.12% MoM
Funding mixdeposits vs wholesale
ANZ leans most on wholesale markets (29.2% of deposits plus wholesale) · CBA is the most deposit-funded (80.8%)
Deposits·Wholesale
system: deposits 74.2% · wholesale 25.8% · 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: HSBC Bank −$1.2bn · JPMorgan Chase Bank +$0.9bn · Bank of China +$0.8bn
Peer groups · lending month-on-month · 12-mo share shift
share of system lending: Regional Banks 10.2% (−0.60pp yr) · Foreign Banks 8.9% (+0.41pp yr) · Mutuals 3.8% (+0.02pp yr) · Neobanks 0.5% (+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$641.5bn now
Narrowed −$0.4bn in the month
▼ −$0.4bn MoM (−0.06%)prior month +3.19% · past 12 mo +12.96%
typical month+1.04%narrowing
driver: lending +$22.8bn vs deposits +$23.2bn
Big-5 gap month-on-month
gap $641.5bn · past 12 mo +$73.6bn · prior month +$19.9bn
* The gap is as APRA reports it, after Westpac sold the RAMS home loan portfolio ($15.4bn) to a non-bank consortium (Pepper Money, KKR and PIMCO) on 1 August 2026. Excluding the sale, over 12 months: the system gap moved +$89.0bn, Westpac +$16.4bn.
Household funding gap$813.3bn now
Narrowed −$16.2bn in the month - this month alone is most of the past year's +$5.8bn move
▼ −$16.2bn MoM (−1.95%)prior month −1.53% · past 12 mo +0.72%
typical month+0.08%narrowing
driver: household lending +$6.4bn vs deposits +$22.5bn
Big-5 gap month-on-month
gap $813.3bn · past 12 mo +$5.8bn · prior month −$12.9bn
* The gap is as APRA reports it, after Westpac sold the RAMS home loan portfolio ($15.4bn) to a non-bank consortium (Pepper Money, KKR and PIMCO) on 1 August 2026. Excluding the sale, over 12 months: the system gap moved +$21.2bn.
Wholesale funding$1.23tn system
Westpac took 95% of the system's −$6.5bn move
▼ −$6.5bn MoM (−0.52%)prior month −0.75% · past 12 mo +1.98%
typical month+0.17%below avg
Month-on-month · Big 5 + rest of system
Westpac has led on pace for 4 months running
Big-5 share 72.7% · past 12 mo +$23.8bn (+1.98%) · short-term 38% · long-term 62% · securitised assets on balance sheet $727.9bn
Negotiable certificates of deposit$209.1bn system
Westpac was the largest mover at −$7.3bn
▼ −$17.3bn MoM (−7.62%)prior month −1.51% · past 12 mo −3.59%
typical month−0.22%below avg
Month-on-month · Big 5 + rest of system
Big-5 share 51.7% · past 12 mo −$7.8bn (−3.59%) · NCDs 17% 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 September 2026", from APRA Monthly Authorised Deposit-taking Institution Statistics, September 2026. https://openmarketintel.com/data/apra/2026-09
Download the tables (CSV)Download the figures (JSON)Open the live APRA dashboard
Source figures are APRA's, published under Creative Commons Attribution 3.0 Australia at apra.gov.au.