Mortgage News

Kiwibank's mortgage book grows fast but momentum slips

Thursday 31st of May 2012

However, the bank's 4.99% one-year fixed "special," which garnered significantly more than $200 million in new business between April 26 and May 31, is likely to boost its June quarter figures.

The loan-to-valuation ratio (LVR) table in Kiwibank's March quarter disclosure statement shows its mortgage book grew by $225 million to $11.43 billion in the three months, down from the $260 mill...

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