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CBA tops majors in mortgage lending

by Staff Reporter7 minute read
The Adviser

CBA led the majors in November, recording the highest value of owner-occupied and investment housing loans, according to the Australian Prudential Regulation Authority (APRA).

The Monthly Banking Statistics report for November 2009 showed CBA record on its books 34.3 per cent of all owner occupied housing loans and 34.8 per cent of all residential investment loans recorded by the four majors.

Westpac also recorded a strong volume of loan advances, with 25.1 per cent of owner occupied housing loans and 24.6 per cent of investment property loans respectively.

ANZ held 20.8 per cent market share for owner occupied housing loans and 17.7 per cent of investment property loans, with NAB trailing the majors recording 19.8 per cent for owner occupied housing loans and 22.9 per cent of investment property loans in its books.

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