Mortgage News

Westpac's Dec Qtr profit surges but mortgage lending slows to a trickle

Thursday 1st of March 2012

Using Reserve Bank figures as a proxy for lending by registered banks in the December quarter, that suggests its share of the mortgage market eased to 20.55% at December 31 from 20.69% at September 30.

The December quarter growth was well down on the $309 million growth in mortgage lending Westpac reported in the September quarter and the $347 million growth in the June quarter. Westpac...

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