
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...
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