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CommBank is still our leading mortgage lender

03/01/2012

The "Big Four" banks account for 86.7 per cent of the home loan market, compared with 87.3 per cent a year ago, according to latest figures from the Australian Prudential Regulation Authority. The major banks have $926 billion worth of home loans on their books, from a total pool of $1.07 trillion. The Big Four - the Commonwealth Bank, Westpac, National Australia Bank and ANZ - increased their mortgage books by $61 billion.

CBA remains the market leader, with $305 billion of home loans, including $44 billion at subsidiary BankWest. Westpac was next biggest, with $283 billion. NAB continued to grow its mortgage book far faster than the other major lenders and now has $176 billion worth of mortgage assets.The group has opened up a sizeable lead on ANZ, which has a $161 billion home loan book.

Source: Herald Sun



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