Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

Macquarie and ME Bank see greatest growth

Macquarie Bank and ME Bank have seen a significantly steeper increase in their loan books during the 2013/2014 financial year.

APRA figures released yesterday reveal that Macquarie Bank made the biggest move during the last financial year, with its loan book growing 37.8 per cent year-on-year to $24 billion.

ME Bank also enjoyed a strong year, jumping 17.3 per cent to $11.4 billion.

Advertisement
Advertisement

AMP Bank added 9.1 per cent to $10.3 billion, while Bendigo & Adelaide Bank rose 8.9 per cent to $42.9 billion.

ANZ climbed 7.5 per cent to $323.2 billion and Commonwealth Bank grew 7 per cent to $493.1 billion.

Westpac increased its loan book by 6.5 per cent to $440.4 billion, while NAB grew 5.7 per cent to $370.8 billion.

Suncorp Bank was up 5.4 per cent to $46.4 billion and Citigroup jumped 4.1 per cent to $14.1 billion.

ING DIRECT climbed 3.8 per cent to $41.3 billion and Bank of Queensland added 0.3 per cent to $29.2 billion.

Macquarie and ME Bank see greatest growth
mortgagebusiness

Latest News

NAB chairman Philip Chronican has said the bank is intent on recovering lost ground in the home lending space, conceding that it needs to ...

With the bedrock of Australia’s retirement system relying on home ownership, indefinitely delaying buying a home can have negative effects...

ANZ chief executive Shayne Elliott has revealed that he was sent three remediation letters from the bank, insisting that the company will re...

FROM THE WEB
podcast

LATEST PODCAST: Vertical integration and the rise of neobanks

Do you think the mortgage market will see more consolidation this year?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.