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ANZ and NAB consistent on home loan growth

01 November 2010 5:44PM
Five banks are reporting above-average growth in home loans over the last six and 12 months, including two major banks.ANZ, with growth of 12.6 per cent over the last year, and National Australia Bank, with growth of 12.3 per cent, are the two majors looking harder for business than their peers, CBA and Westpac, which are sitting on system growth rates.HSBC Bank is achieving growth once more in a sector in which it was a seller of mortgages in the early stages of the credit crunch. HSBC reported growth of 10 per cent and 19 per cent over six and 12 months.Bendigo and Adelaide Bank is reporting growth once more in its home loan business. Bendigo allowed its market share to ease in late 2009, but the bank has picked up new business recently. The bank's rate of growth of 2.4 per cent in September 2010 was four times that of the rest of the market.Bank of Cyprus is also turning its fast-growing deposit book out the door, with a similar pace of growth in home loans.The mortgage book for Macquarie Bank is running off fast, down 10 per cent over six months and down 19 per cent over 12 months.

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