In a media release (via ASX), ANZ confirmed that they had reclassified data it provides to the regulators. It follows a review of data collection to align more closely management reporting and regulatory reporting.
This review included a reclassification of loan purposes across “owner occupied” and “investment housing”. ANZ says these changes do not impact ANZ’s investor lending growth targets. Their investment loan book was $83.5bn at 30 June 2015.
They say that the changes do not impact ANZ’s overall lending and deposit balances, risk weighted assets, regulatory capital or prior financial reporting disclosures and have no impact on customer facilities. We think this is because there are no differences in the current risk weightings between investment and owner occupied loans.
We identified the change in the APRA monthly banking statistics on Friday.
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