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Despite slower market conditions, NAB has managed to grow its overall SME lending book by $5 billion over the last 12 months.
The bank’s lending book now sits in excess of $100 billion, having lent more than $35 billion to SMEs in 2009.
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NAB Business Banking group executive Joseph Healy said the bank was now the largest lender to SMEs in Australia.
“Australian SME’s, the engine of the Australian economy, have proven themselves to be extremely resilient and we are very pleased to have been able to help our customers navigate through this turbulent environment providing support, advice and relief wherever possible,” Mr Healy said.
“The strength of the SME sector is core to economic and employment growth in this country and SME’s need to be supported with appropriate access to credit.
In the 12 months to October 2009, on an annual basis, NAB's business banking lending volumes grew by 1.5 per cent whilst system declined 6.8 per cent.
“We have grown our business ahead of system in the business market, lending when others have been retreating,” he said.
“We hope to lend even more in 2010 attracting customers with competitive rates, flexible products and the addition of another 200 business bankers and specialists to our team.”
