RDP 2022-07: The Term Funding Facility: Has It Encouraged Business Lending? Appendix B: Coefficient Figures

Sharon Lai, Kevin Lane and Laura Nunn

December 2022

Figure B1: Bank Fixed-term Credit Growth to SMEs Relative to Large Businesses
Regression coefficient
Figure B1: Bank Fixed-term Credit Growth to SMEs Relative to Large Businesses

Note: Whiskers show 95 per cent confidence intervals.

Sources: APRA; Authors' calculations; RBA

Figure B2: Bank Credit Growth to Small Businesses Relative to Medium Businesses
Regression coefficient
Figure B2: Bank Credit Growth to Small Businesses Relative to Medium Businesses

Notes: Whiskers show 95 per cent confidence intervals. The filled square marker indicates a significant result.

Sources: APRA; Authors' calculations; RBA

Figure B3: Bank Credit Growth to SMEs Relative to Large Businesses – Industry-level Model
Fixed effects: bank x industry, regression coefficient
Figure B3: Bank Credit Growth to SMEs Relative to Large Businesses – Industry-level Model

Notes: Whiskers show 95 per cent confidence intervals. The filled square marker indicates a significant result.

Sources: APRA; Authors' calculations; RBA

Figure B4: Bank Credit Growth to SMEs Relative to Large Businesses – Industry-level Model
Fixed effects: bank, regression coefficient
Figure B4: Bank Credit Growth to SMEs Relative to Large Businesses – Industry-level Model

Notes: Whiskers show 95 per cent confidence intervals. The filled square marker indicates a significant result.

Sources: APRA; Authors' calculations; RBA

Figure B5: Bank Credit Growth to SMEs Relative to Large Businesses – Industry-level Model
Fixed effects: industry, regression coefficient
Figure B5: Bank Credit Growth to SMEs Relative to Large Businesses – Industry-level Model

Notes: Whiskers show 95 per cent confidence intervals. The filled square marker indicates a significant result.

Sources: APRA; Authors' calculations; RBA

Figure B6: Weighted Regression – Bank Credit Growth to SMEs Relative to Large Businesses
Regression coefficient
Figure B6: Weighted Regression – Bank Credit Growth to SMEs Relative to Large Businesses

Notes: Weighted by each bank's level of business credit in the base period. Whiskers show 95 per cent confidence intervals. The filled square marker indicates a significant result.

Sources: APRA; Authors' calculations; RBA

Figure B7: Weighted Regression – Bank Credit Growth to SMEs Relative to Large Businesses
Industry-level model, fixed effects: bank x industry, regression coefficient
Figure B7: Weighted Regression – Bank Credit Growth to SMEs Relative to Large Businesses

Notes: Weighted by each institution's level of business credit in the base period. Whiskers show 95 per cent confidence intervals. The filled square marker indicates a significant result.

Sources: APRA; Authors' calculations; RBA

Figure B8: Weighted Regression – Bank Fixed-term Credit Growth to SMEs Relative to Large Businesses
Regression coefficient
Figure B8: Weighted Regression – Bank Fixed-term Credit Growth to SMEs Relative to Large Businesses

Notes: Weighted by each bank's level of business credit in the base period. Whiskers show 95 per cent confidence intervals. The filled square marker indicates a significant result.

Sources: APRA; Authors' calculations; RBA

Figure B9: SME Business Credit Growth for Banks Relative to Non-banks
Regression coefficient
Figure B9: SME Business Credit Growth for Banks Relative to Non-banks Regression coefficient

Notes: Whiskers show 95 per cent confidence intervals. The filled square marker indicates a significant result.

Sources: APRA; Authors' calculations; RBA

Figure B10: Large Business Credit Growth for Banks Relative to Non-banks
Regression coefficient
Figure B10: Large Business Credit Growth for Banks Relative to Non-banks

Notes: Whiskers show 95 per cent confidence intervals. The filled square marker indicates a significant result.

Sources: APRA; Authors' calculations; RBA

Figure B11: Fixed-term Business Credit Growth for Banks Relative to Non-banks
Regression coefficient
Figure B11: Fixed-term Business Credit Growth for Banks Relative to Non-banks

Note: Whiskers show 95 per cent confidence intervals.

Sources: APRA; Authors' calculations; RBA

Figure B12: Weighted Regression – Business Credit Growth for Banks Relative to Non-banks
Regression coefficient
Figure B12: Weighted Regression – Business Credit Growth for Banks Relative to Non-banks

Notes: Weighted by each institution's level of business credit in the base period. Whiskers show 95 per cent confidence intervals.
The filled square marker indicates a significant result.

Sources: APRA; Authors' calculations; RBA

Figure B13: Weighted Regression – Fixed-term Business Credit Growth for Banks Relative to Non-banks
Regression coefficient
Figure B13: Weighted Regression – Fixed-term Business Credit Growth for Banks

Notes: Weighted by each institution's level of business credit in the base period. Whiskers show 95 per cent confidence intervals.
The filled square marker indicates a significant result.

Sources: APRA; Authors' calculations; RBA

Figure B14: Business Credit Growth for Banks that Accessed the TFF Relative to Banks that Did Not
Regression coefficient
Figure B14: Business Credit Growth for Banks that Accessed the TFF Relative to Banks that Did Not

Notes: Whiskers show 95 per cent confidence intervals. The filled square marker indicates a significant result.

Sources: APRA; Authors' calculations; RBA

Figure B15: Business Credit Growth for Banks that Accessed the TFF Relative to Banks that Did Not
Self-securitisation adequacy, regression coefficient
Figure B15: Business Credit Growth for Banks that Accessed the TFF Relative to Banks that Did Not

Note: Whiskers show Anderson–Rubin 95 per cent confidence intervals.

Sources: APRA; Authors' calculations; RBA

Figure B16: Fixed-term Business Credit Growth for Banks that Accessed the TFF Relative to Banks that Did Not
Self-securitisation binary, regression coefficient
Figure B16: Fixed-term Business Credit Growth for Banks that Accessed the TFF Relative to Banks that Did Not

Notes: Whiskers show 95 per cent confidence intervals. The filled square marker indicates a significant result.

Sources: APRA; Authors' calculations; RBA

Figure B17: Fixed-term Business Credit Growth for Banks that Accessed the TFF Relative to Banks that Did Not
Self-securitisation adequacy, regression coefficient
Figure B17: Fixed-term Business Credit Growth for Banks that Accessed the TFF Relative to Banks that Did Not

Notes: Whiskers show 95 per cent confidence intervals. The filled square marker indicates a significant result.

Sources: APRA; Authors' calculations; RBA