ASB's mortgage book shrinks for a sixth successive quarter

ASB's September quarter disclosure document shows its mortgage book (taken from the on-balance sheet portion of its loan-to-valuation ratio table) fell by $9 million to $37.4 billion between June 30 and September 30 after shrinking by $47 million in the June quarter.

ASB's mortgage book has contracted by $507 million since March 31 last year.

According to Reserve Bank figures on mortgage lending, mortgages held by registered banks grew by $575 million in the three months ended September after growing $878 million to $168.4 billion in the June quarter.

The figures show mortgages held by registered banks grew by $4.41 billion between March 31 last year and September 30 this year.