Within retail banking, Suncorp is determined to arrest its declining market share in the home loan market, and so restore asset growth in the home loans to at least system growth. However, managing director John Mulcahy and head of retail banking Mark Blucher did not address the extent to which there was a trade off between the chase for market share and profit growth.
Blucher blamed Suncorp's loss of share of the home loan market on the (now discontinued) first home owners grant, and the bank's limited use of mortgage brokers in the past.
The bank said that home loan...
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