ANZ sets record for home loans
ANZ Bank's mortgage book surged by a record $1.09 billion in the June quarter, increasing its market share for a second successive quarter.
Until the last couple of quarters, ANZ's share of the mortgage market has been mostly trending lower since it took over National Bank in 2003, although it remains New Zealand's largest home lending bank by a significant margin.
ANZ's June quarter disclosure statement shows its mortgage book grew $1.09 billion in the three months ending June 30. The previous record quarterly growth for any bank, $880 million, was by Kiwibank in the December 2008
ANZ New Zealand chief executive David Hisco says the growth reflects the build up of work the bank has put in over the past 12 months.
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