Australian banks' lending to farmers in the country reached AU$140.3 billion, an 80% increase since 2019, the Australian Banking Association's (ABA) 2025 Banking in Agribusiness report showed Friday.

Banks have nearly doubled their monthly lending to agribusinesses over the past five years, highlighting their commitment to providing farmers with necessary credit for growth and innovation, ABA CEO Simon Birmingham said.

Following the news, ANZ Group (ASX:ANZ, NZE:ANZ) shares fell past 1% in midday Australian trade and nearly 2% in New Zealand trade.

Commonwealth Bank of Australia (ASX:CBA) and National Australia Bank (ASX:NAB) shares fell nearly 1%.

Meanwhile, Westpac (ASX:WBC, NZE:WBC) shares fell 1% in Australian trade and nearly 1% in New Zealand trade.