ANZ, ASB banks major mortgage market losers through GFC
ANZ's market share in December 2007 stood at 34.45%; at June 30 this year it was down to 30.87%. ASB's fall was less precipitous, its share dropping from 23.55% to 22.5%.
By contrast, Kiwibank's share more than doubled from 3.02% to 6.39% over the same period.
HSBC lodged its June quarter disclosure statement last week, making it the first quarter since the December quarter 2007 in which all home-lending banks' data was prepared on exactly the same basis.
The December 2007 quarter was the last in which all banks reported using Basel 1 rules and the June quarter this year is the first in which all the banks provided figures in their loan-to-valuation tables for on-balance sheet mortgages.
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