ANZ's mortgage book continues to shrink
The loan-to-valuation ratio (LVR) table in ANZ Bank's latest disclosure statement covering all its New Zealand operations shows its mortgage book shrank by $148 million to $51.02 billion in the three months ended December 31 after shrinking $162 million in the September quarter.
Using Reserve Bank figures as a proxy for mortgage lending by registered banks, that suggests ANZ's market share fell to 30% at December 31 from 30.3% three months earlier.
The LVR table is where GoodReturns now derives its mortgage data because it is the one consistent measure across all banks but, in ANZ's case, it only began disclosing this information from the June quarter of 2011.
However, its note on loans and advances, which has a lengthy history, shows ANZ's mortgage lending has been declining since March last year. It fell $253 million to $53.44 billion in the December quarter, this note shows, and has dropped $589 million since March 31.
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