Finance

ANZ has filled its boots with mortgages for 10+ years

Jenny Ruth
Thu, 12 May 2022

ANZ has filled its boots with mortgages for 10+ years
ANZ now holds 70% of its loans in mortgages. (Image: Getty)
Jenny Ruth
Thu, 12 May 2022
Mortgages used to make up a little more than half the balance sheets of the big four New Zealand banks but that has changed dramatically in the last decade, mostly because of ANZ Bank NZ's huge increase in mortgage lending.It's the biggest of the four, with total lending of $146.12 billion at March 31, of which $102.8b was mortgages, as shown in the note on loans and advances to customers in its latest disclosure statement.The next largest bank is the Commonwealth Bank of Australia-owned, ASB Bank, with total lending of $102.15b at Dec...

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