Already a subscriber?At The Australian Financial Review banking summit last month, retiring National Australia Bank boss Ross McEwan suggested banks
Small-to-medium enterprise lending has changed too. Loans are increasingly available only to entrepreneurs who can put property up as security. Fully secured SME lending, which makes up 77 per cent of all SME bank loans, has grown at a compound annual rate of 6 per cent over the past five years. Unsecured SME lending has grown at a CAGR of just 1.7 per cent.
The potential for bank returns to keep falling is one of six problems Mott sees from the great de-risking of the sector.
Source: Financial Digest (financialdigest.net)
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