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ISCOVER
Staff Reporter
National Australia Bank’s competitive pricing continues to pay dividends for the lender, with the bank significantly growing its share of the mortgage market again last month.
According to RFi’s latest Mortgages Market Wrap, NAB continues to capture an increasing share of the owner-occupied loan market, with its loan book increasing $1,381 million in July 2011.
In addition, the major managed to grow its market share by 0.1 per cent over the month. ANZ and Westpac's market share remained stable, while CBA saw a 0.1 per cent decrease in its share of owner occupied loans.
Speaking to The Adviser earlier this month, NAB Broker’s general manager distribution John Flavell said while the market is undeniably tough, NAB had been working hard to record impressive growth.
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