Mortgage News

Superbank grows mortgages, deposits and pares losses

Wednesday 15th of March 2006
The bank reported a $1.59 million net loss for the latest three months, down from the $3.89 million recorded in the year earlier quarter. The bank's losses since inception in February 2003 now total $37.07 million.

Its mortgage book grew 6.9%, or by $30.7 million, to $473.2 million between September and December. That was nearly double the growth in the overall mortgage lending by New Zealan...

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