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Impaired loans fall at Macquarie

Macquarie Bank cut its level of impaired loans by A$170 million to $1.26 billion at June 2011, the bank's Pillar 3 report for the quarter shows.Loans 90 days or more past due increased by $15 million to $165 million over the quarter.Macquarie curtailed its lending over the last quarter, with its level of corporate loans down by 12 per cent, to $32 billion, and residential lending falling to under $15 billion.

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