Australian banks top PE lenders in Asia

Three Australian banks are the top providers of leverage this year.

Three Australian banks were Asia’s top leverage lenders in 2013, accounting for $1.24 billion or 15 percent of totaled leveraged lending in the region year to date, according to Thomson Reuters data.

Melbourne-based ANZ was Asia’-Pacific’s top lender, providing $464 million in leverage to private equity firms across nine deals. It was followed by Westpac Banking, which provided $413 million across eight deals and Commonwealth Bank of Australia ($360 million and seven deals).

The fourth and fifth top lenders were Malaysia’s Maybank and Singapore’s DBS.

Last year, by comparison, Japanese banks Mizuho and Sumitomo Mitsui were the top two lenders, providing $716 million and $518 million in leverage, respectively.

In 2013 YTD, in Asia-Pacific as a whole, the total amount of leverage was up about 15 percent to $8 billion, though the number of deals fell to 20, the data showed.

For the full year 2012, leverage totaled $6.9 billion across 26 deals.