Secured wholesale funding outflows surge 74% at Australian banks

Winding down of term funding facility responsible for September spike

Cash outflows stemming from secured wholesale funding rose 73.9% on aggregate at Australia’s ‘big four’ banks in the third quarter of 2023, as funds obtained from the central bank’s Covid-19-era funding facility reached maturity in September.

Aggregate outflows across ANZ, Commonwealth Bank of Australia (CBA), National Australia Bank (NAB) and Westpac rose by A$12.8 billion ($8.8 billion) to A$30.2 billion over the period. The increase was sharpest at ANZ, where the metric almost tripled to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here