ASB's General Disclosure Statement for the September quarter shows it grew its mortgage book by NZ$559 million in the quarter to NZ$40.972 billion. We have not seen other bank GDSes yet for the September quarter so it's too early to judge whether ASB gained market share, but that growth seems remarkably strong given the overall growth in the market over that period has slowed. However, figures from C6 in the Reserve Bank statistics on registered banks household claims how total bank mortgages grew NZ$1.239 billion in the September quarter, implying ASB took 45% of the market's growth in the quarter. * This article was first published yesterday in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.
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