Mortgage News

Quakes hit SBS Bank's profit and mortgage book

Wednesday 30th of November 2011

"The issue for us is, historically, 25% of our business has come from Christchurch," says SBS finance general manager Tim Loan.

Mortgage lending has fallen because people in Christchurch are getting earthquake-related payouts but aren't able to rebuild yet, Loan says

SBS's latest disclosure statement shows its mortgage book fell by $22.7 million to $1.78 billion in the three month...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.