RDP 2022-07: The Term Funding Facility: Has It Encouraged Business Lending? Appendix B: Coefficient Figures
December 2022
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![Figure B1: Bank Fixed-term Credit Growth to SMEs Relative to Large Businesses](images/figure-b1.gif)
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](images/figure-b2.gif)
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](images/figure-b3.gif)
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](images/figure-b4.gif)
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](images/figure-b5.gif)
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](images/figure-b6.gif)
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](images/figure-b7.gif)
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](images/figure-b8.gif)
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](images/figure-b9.gif)
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](images/figure-b10.gif)
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](images/figure-b11.gif)
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](images/figure-b12.gif)
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](images/figure-b13.gif)
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](images/figure-b14.gif)
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](images/figure-b15.gif)
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](images/figure-b16.gif)
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](images/figure-b17.gif)
Notes: Whiskers show 95 per cent confidence intervals. The filled square marker indicates a significant result.
Sources: APRA; Authors' calculations; RBA