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Business lending grows slowly for ANZ

ANZ reported modest growth in the June 2010 quarter, over the March quarter, across a range of business lines.The bank reported growth of between one and two per cent across the business bank, Esanda, regional banking and SME.Home loan growth was 1.7 times system in the third quarter.ANZ's above-system growth in deposits in Australia fell back to match system growth in the third quarter.Lending growth in the nine months to June 2010 was up three per cent over the corresponding period in 2009, ANZ said. Credit risk weighted assets increased by six per cent thanks to the takeover of RBS and the acquisition of Landmark.

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