976498244
Old Mortgage News

ASB's mortgage book shrinks again

Friday 27th of May 2011

ASB's March quarter disclosure statement shows its mortgage book, using the same capital adequacy-based measure goodreturns.co.nz has used since December 2002, shrank by $12 million in the three months ended March to $37.46 billion. It has shrunk by $451 million since March 31 last year.

However, including off-balance sheet mortgages - generally those approved but not drawn down...

Want to read the full article?

Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.

You will also be able to comment on articles on Good Returns.