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St George reports steady growth in home loan lending

Staff Reporter 1 minute read

St George Bank’s residential loan portfolio (including securitised loans) reached its 10-12 per cent annual growth target, acting chief executive officer Paul Fegan reported yesterday.

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In the twelve months to 30 September 2007 the bank’s residential loans grew 10.4 per cent to $69.2 billion. Market share was 9.0% as of 31 August.

According to Fegan, annualised growth of 11.9 per cent in the second half of 2007 will provide momentum to the bank’s mortgage business in 2008.

 

St George reports steady growth in home loan lending
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