Banks steal share from non-bank lenders
Figures from the Australian Prudential Regulation Authority show that banks are winning market share from non-bank lenders. Over the last three months of the year the mortgage market grew by 12 per cent with banks winning 95 per cent of the growth. However some fared better than others with NAB losing ground with only 7 per cent compared with the Commonwealth Bank winning 17 per cent.
Source: The Australian Financial Review