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Retail banks market share

Thursday, July 1st 2010, 12:14PM

The above graph shows the market share of new net lending on mortgages according to each banks general disclosure statements, with Kiwibank and Westpac continually growing their mortgage books over the past three quarters. 

A point of note is the ANZ/National figures for the last quarter are a combination of ANZ and ANZ National.

Comments from our readers

On 2 July 2010 at 12:55 am Paul Smith said:
Its not surprising to see ASB loosing to Kiwibank and Westpac. I switched to ASB just over a year ago when their rates were some of the best around. I see now that they are more content to be run with the flow and keep their rates were most other banks are. Another move is not out of the question for me in the next 12 months as I think Kiwibank, Westpac and even HSBC are at least attempting to provide some competitive rates and give the home owner a bit of a choice.
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Disclaimer: Every possible effort has been made to keep the information in the rates tables as accurate as possible, however, neither the publishers of Mortgage Rates nor anyone engaged to compile these tables accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details directly with the provider concerned.

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