Login or request a free trial

Modest growth in margin loan balances

The margin lending market, still struggling to regain the momentum it had before Australian equities went into a bear market late in 2007, had mixed results in the December quarter.According to Reserve Bank data released yesterday, total margin loan balances rose from A$11.2 billion in the September quarter to $11.5 billion in the December quarter.However, the number of client accounts fell from 156,000 in the September quarter to 155,000 in December.Margin calls rose from 0.52 calls per day per 1000 clients in the September quarter to 0.75 in December.At the market's peak in December 2007, margin lenders managed $41.6 billion of loans for 248,000 clients.

I'm a returning subscriber

Password reset
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day