Kiwibank's mortgage book grew $240 million to $4.23 billion in the three months, taking its market share from 2.97% at the end of September to 3.05% at the end of December, using Reserve Bank figures on loans by registered banks secured by housing as a proxy for the market.
That compares with 2.28% in December 2006. Part of the increase reflects about $600 million in AMP-branded mortgages acquired from HSBC Bank.
Net profit for the three months rose to $11.2 million from $8.3 million in the year earlier quarter, taking the bank's six month profit to $22.7 million, up 31.4%.
Kiwibank says its retail deposits grew $392 million in the latest six months and its Online Call accounts by $189 million, reflecting uncertainty in the financial sector.
