Mortgage News

Kiwibank write $1 billion worth of home loans

Friday 3rd of September 2004
Its funding for the home loans comes from deposits which have also doubled, to now stand at $960.3 million.

The average mortgage balance was $133,395 and the average transaction account deposit was $2785, both up slightly.

Kiwibank is still a small player in the market overall. Its share of the mortgage market is about 1.15%, about 2% for deposits and over 5% for customers.

Customer...

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