ASB's mortgage book shrinks for a fifth successive quarter
ASB's June quarter disclosure statement shows its mortgage book (taken from the on-balance sheet portion of its loan-to-valuation ration table) shrank by $47 million to $37.41 billion in the three months. It has shrunk by $498 million since March 31 last year.
However, commentary in the report says: "Home loan market share is steady at 22.2%."
Because the three smaller home-lending banks have yet to report their June quarter results, ASB's current market share can't be calculated, although it was 22.35% at March 31.
According to Reserve Bank figures on mortgage lending, which historically have had a poor correlation to the figures disclosed in banks' quarterly disclosure statements, the mortgage market grew by $878 million to $168.4 billion in the June quarter and grew by $2.87 billion in the year ended June.
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.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)
