Australian banks increase SME lending


There was a 28 per cent increase in banks lending to SMEs in the financial year 2023, according to new data from the banking association.

Research by the Australian Banking Association (ABA) has revealed the value of loans made by banks to support the “lifeblood of Australia’s economy”, small and medium-sized enterprises (SMES) grew by 28 per cent in the financial year ended June 2023.


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Posted on Aug 29, 2023
Region: Australia
SME lending
ABA, COSBOA, SME finance, Anna Bligh, Luke Achterstraat