ANZ NZ doesn't want to just be a mortgage bank

ANZ New Zealand CEO, Antonia Watson, said capital requirements favour home loans. (Image: supplied)

Thu, 05 May 2022

ANZ Bank New Zealand chief executive Antonia Watson denies her bank is aiming to become a mortgage bank but it's certainly moving in that direction and you could say it’s the path of least resistance.Mortgages now account for 70% of ANZ's total lending, up from 64% two years ago and the bank increased its market share a little to 30.66% at March 31 from 30.38% at Sept 30. While the mortgage market as a whole grew 3.4% in the six months ended March, ANZ's mortgage book grew at a 4.4% pace, although that was down from ANZ&#...

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