Re-classification hits Macquarie's lending and deposit numbers
Macquarie Bank appears to have suffered huge outflows from its mortgage and household deposit books, based on figures published by the Australian Prudential Regulation Authority last week.However, a Macquarie spokesperson said the bank had made a number of changes to the way it reports its data to achieve a better alignment with APRA classifications.APRA's latest monthly banking statistics show a drop in the book value of Macquarie mortgages, from A$12.1 billion in February to $11.1 billion in March.Macquarie has moved a number of loans from the owner-occupied category to "other", based on the loan's purpose. For example, a loan secured by a mortgage over a home that was used to buy a boat has moved to "other".Macquarie said its total mortgage lending increased from $12.1 billion in February to $12.3 billion in March.The APRA figures show Macquarie's household deposits falling from $7.5 billion to $5.5 billion. The big change was the re-classification of self-managed superannuation fund deposits, which moved from household deposits to "financial corporations".Macquarie's total deposits increased from $33.9 billion in February to $34.2 billion in March.