Home loan borrowers like Suncorp Bank, HSBC & AMP
Suncorp Bank has overtaken ING Direct as Australia's fifth largest home lender according to the latest Australian Prudential Regulation Authority bank statistics.
Suncorp Bank has had one of the strongest mortgage sales growth rates in the market over the past year – up 9.4 per cent, to $37.05 billion.
Other mortgage lenders reporting strong growth include HSBC Bank Australia, whose book increased by 5.5 per cent in the year to June; AMP Bank (up 5.2 per cent); ME Bank (up five per cent); and Bendigo and Adelaide Bank (up 4.3 per cent).
Source: Banking Day