Kiwibank still growing mortgage book but momentum wanes

Kiwibank's latest general disclosure statement (GDS) shows its mortgage book grew by $300.7 million in the three months ended June to $9.66 billion.

That compared with the $364 million growth it achieved in the March quarter which was its smallest quarterly increase since the June quarter of 2008 when its mortgage book grew $250 million.

Over the year ended June 30, its mortgage book grew by $1.87 billion.

Using Reserve Bank figures as a proxy for the market (actual figures won't be available until all the home lending banks have lodged their June quarter GDSs and Kiwibank is the first to lodge its GDS), Kiwibank's share of mortgage lending by registered banks rose to 5.87% at June 30 from 5.72% at March 31.