Login
ISCOVER
Staff Reporter
The cumulative market share of Australia’s banking institutions fell slightly in October, new research has found.
According to RFi’s latest Australian Mortgages Monthly Monitor, the banks’ share in the value of overall owner-occupied lending commitments fell 1.7 per cent in October to 89.6 per cent.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Looking for more benefits?
Become a Premium Member.
That said, the market share of Australia’s big four managed to grow slightly – up 0.6 per cent in October to $680.6 billion.
Westpac holds the largest share of the market, with 27.3 per cent, followed by CBA and NAB with 26.3 per cent and 16.4 per cent respectively.
Surprisingly, ANZ now has the smallest market share of all the majors, accounting for just 13.7 per cent.
JOIN THE DISCUSSION