• Contact
  • Feedback
Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Smaller lenders win more AFG business

24 July 2013 4:17PM
The major banks' share of home loans written by one of the country's biggest broker groups fell during the June quarter.Aggregator AFG, which claims a 10 per cent share of the mortgage distribution market, issued its latest competition index yesterday. It showed the big banks' share falling from 79.4 per cent in March to 75.2 per cent in June.The big mover has been Macquarie Bank, whose share of AFG's business has increased from 2.5 per cent in January to 5.5 per cent in June.The non-majors' share of fixed-rate lending was slightly higher than the overall figure; they accounted for 25.3 per cent of fixed-rate loans compared with an overall share of 24.8 per cent.Non-majors increased their share among first-home buyers from 22.1 per cent in March to 25.6 per cent in June.Not all the big banks lost share, however. AFG brokers did more business with Commonwealth Bank's subsidiary, Bankwest, and Westpac picked up a few percentage points of share.AFG's strongest relationship is with Commonwealth Bank. CBA and Bankwest together accounted for 26 per cent of AFG's business in June.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use