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Macquarie Group's strong growth in its mortgage portfolio has helped deliver a large profit increase.
The group posted a $678 million net profit for the six months to 30 September 2014 in its half-yearly results, which marked a 35.3 per cent jump on the previous year.
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The Banking and Financial Services division grew its profit by 27 per cent to $141 million.
Macquarie's mortgage portfolio rose 35.6 per cent to $19.8 billion, which represents a market share of about one per cent.
Managing director Nicholas Moore praised the performance of the Banking and Financial Services division, which he said had benefited from "strong volume growth in mortgages".
"The group remains well positioned, with a strong and diverse global platform and specialist skills across a range of products and asset classes," he said.
"All of this is built on the foundation of a strong balance sheet, surplus capital, a robust liquidity and funding position and a conservative approach to risk management."
Macquarie has forecast that it will end 2014/2015 with a higher net profit than the previous financial year. Banking and Financial Services is also expected to increase its profit.
Over the medium term, the group said it would "build on successful intermediary and white-label partnerships" to continue growing its third-party mortgage business.
Macquarie also said it would invest in new technology to enhance its service offering.
[Related: Macquarie's 2013/2014 annual results]
