ASB comments on home loans
Thursday, August 16th 2012, 6:00AM
ASB has some interesting comments to make on home loans in its results announcement yesterday, including this: "ASB’s branded home loan lending grew above market share reflecting the strength of ASB branded products. However, the bank’s total lending book remains flat due to a decline in its third party distribution book."
It also noted that performance was helped by borrowers switching from fixed to floating rate home loans. However that trend has now started to reverse.
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