Lending competition needs review

The lack of competition for small business lending needs to come under scrutiny at the federal government’s financial system inquiry.


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Well said. And bank lending policy was a prime cause of the GFC in the first instance

Given that it is small business that creates the jobs and the future direction for our economy the lending practices of the major banks to small business is appalling. A business that may have an exciting,sustainable product that needs financial support to get it going will not receive financial support from a bank despite the business maybe having plenty of security. The lending principle for a start up business is that it must have at least a 2 years profitable trading record-which is a stupid contradiction but gives the bank the reason not to lend. The greatest impediment to australias economic future is lack of small business funding which has been the situation for the last 30 years and must change.

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3rd↑Commonwealth Bank79
4th↓ANZ Banking Group72
5th-National Australia Bank68
28 banks & non-bank lenders ranked by number of branches in WA

Business banking employees

3rd-Commonwealth Bank280
4th-National Australia Bank175
5th↑ANZ Banking Group67
21 business bankers ranked by number of business banking staff (WA)

Number of Employees

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