St George brings arrears under control

St George Bank managing director Gail Kelly said she believed St George would “slightly” exceed the industry's home loan growth in the six months to September 30, while doubling the sector's growth rate in business lending. She expected loan arrears to stabilise in the second half, after a rise in the six months to March 2005. And Kelly said she saw growth opportunities for the bank in personal lending, credit cards and margin lending.

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