Mortgage News

TSB & ANZ lift profits but lose mortgage market share

Friday 2nd of March 2007
ANZ/National Bank’s net profit jumped 27.7% to $350 million in the quarter, boosted by a number of one-off items including the sale of the FleetPartners business.

The bank says underlying profit before provisions was up 8% to $423 million and revenue also grew 8%.

The bank’s mortgage book grew $1.33 billion to $44.86 billion in the three months but its market share slipped to 34.6% com...

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