31 January 2003 12:00am

Not that Adelaide Bank is pumping much volume into securitisation conduits (such as the Torrens trusts) that refinanced plenty of the bank's home loan volume in recent years.

Loans financed off balance sheet fell from $2.8 billion at June 2002 to $2.5 billion in December 2002.

One reason is that the bank's deposit book is growing fast (up 15 per cent the six months), thanks to the bank's generous interest rates on its cash management account. Adelaide Bank pays 4.15 per cent for balances from $1,000 and up, a rate and balance mix bettered only by HSBC (at 4.25 per...