Though interest rates are near zero, banks continue to reduce their loan books, which prevents the creation of new jobs.
Currently, the Circulating collections loan books on music, dance, theater, film, and arts administration.
"Almost every bank is still running down its loan book, so we are facing a slow motion credit-crunch."
This leaves the region vulnerable to a credit crunch as foreign groups slash loan books.
He was also known to loan books, to buy books back after people had read them, and supposedly, to keep records on the bathroom wall.
While the growing economy has improved the quality of the banks' loan books, lenders are still having trouble increasing revenues from their main businesses.
By 2009 its loan book comprised 14,500 loans with an average value of approximately A$50,000.
I paid it all back right away and threw away the loan book.
The deal saw the loan book expand to more than A$31bn .
The loan book will, in a few years total £100bn and rising.