Mortgage News

TSB's mortgage book stalls, SBS's book shrinks

Wednesday 29th of February 2012

Meanwhile, Invercargill-based community-owned SBS Bank's profitability and mortgage book shrank, reflecting the continuing impact of Christchurch's earthquakes.

TSB's mortgage book grew just $0.1 million to $2.43 billion in the three months ended December.

"We're seeing quite of lot of deleveraging taking place," says TSB managing director Kevin Murphy.

Competitive activity...

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.