NAB grows market share

Having the cheapest standard variable rate of the big four is starting to pay dividends for NAB, with the lender growing its market share in May.

According to The Adviser's analysis of Australian Prudential Regulation Authority (APRA) data, NAB’s owner occupied and investment housing loan book totalled $142.91 billion in May, or 15 per cent of all lending activity.

This was a full percentage higher than April’s figures, when NAB had a market share of 14 per cent.

CBA and Westpac posted the next best growth in market share, recording 0.7 per cent and 0.4 per cent growth respectively from April to May.

ANZ was the hardest hit, recording a 0.5 per cent fall in market share from April to May.