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Suncorp enjoys growth in mortgages

by Staff Reporter8 minute read
The Adviser

Staff Reporter

Suncorp Bank has attributed its strong growth in mortgage lending to its broker channel.

Earlier this week at its Half Yearly Results meeting, Suncorp Bank revealed it had grown its mortgage portfolio by 5.9 per cent

Speaking about the results, the lender’s head of intermediaries Steve Heavey said improvements made in the broker channel were an important contributor to the bank’s strong mortgage lending growth.

“Over the past 18 months we’ve focused on building our relationships with our broker partners, improving our capability and focusing on our service offering to this important channel, with our renewed commitment certainly starting to be recognised by the market,” Mr Heavey said.

“Our broker channel complements our strong growth in the direct channel through an expansion of our national branch network, particularly into New South Wales and Western Australia and the growing profile of our regional bank in those markets and nationally.

“Suncorp Bank has truly established itself as the genuine alternative to the major banks and we’re competing strongly with our regional peers.”

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