CommBank loses loan and deposit market share

Commonwealth Bank’s market share in home loans has declined to 27.15 per cent, from 28.6 per cent in April 2010, a loss of home loan business equal to A$17 billion or about five months’ growth in the home loan market.

CBA’s market share of household deposits peaked at 32.6 per cent in 2008 and has declined by 320 basis points to 29.4 per cent of the market since then. This is equal to $18 billion in deposits.

Source: Banking Day