Growth in mortgage lending continues to slow but the annual rate of growth in business loan portfolios is twice the rate of growth of mortgage portfolios. According to the latest Reserve Bank figures, lenders’ business loan balances grew by 1.1 per cent in April, compared with the previous month, and by 10.6 per cent over the 12 months to April. Lenders’ mortgage balances grew by 5.2 per cent over the same 12-month period. According to Macquarie Securities’ analysis of the data, Judo Bank and Macquarie Bank are the strong performers in this market. Compared with system growth over the past three months annualised, at 7.4 per cent, Judo’s book grew 30.9 per cent and Macquarie’s 14.3 per cent. Among the major banks, Commonwealth Bank grew 9.9 per cent and NAB 7.6 per cent over the three months. ANZ and Westpac were below system, with ANZ’s book growing 2.9 per cent and Westpac’s 3.5 per cent. Bendigo and Adelaide Bank, Bank of Queensland, Suncorp Bank were all below system over the three months, while AMP Bank and ING Bank were in runoff.