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Suncorp chasing home loan growth

Suncorp yesterday said it was targeting a return to system growth in home loans after a long period - forced by the financial crisis - of putting the brakes on loan growth and aggressively chasing deposit inflows.A brief investor update yesterday highlights trends evident in APRA data, with deposit flows roughly double the banking system over most of the last year.Home loan growth however fell consistently over 18 months, though this is slowly turning around. Management said a return to system growth rates in home loans was a "key short-term focus".

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