HSBC outperforms peers on mortgage growth

HSBC’s owner-occupied loan book grew by $420 million to $12.3 billion in April, while its investment portfolio expanded by $76 million to $5.58 billion.

Macquarie also saw substantial growth in its mortgage book in April, which increased by $337 million, or 94 basis points, to $36.02 billion.

The non-major bank’s portfolio of owner-occupied home loans grew by $244 million to $23.55 billion, while the total value of investment loans increased by $93 million to $12.47 billion.

Meanwhile, a $230 million, or 2.16 per cent, increase was seen in ME’s residential assets, with the value of its portfolio standing at $21.5 billion at the end of April.  

The value of ME’s owner-occupied loans was $180 million greater than the figure recorded in March, going from $15.86 billion to $16.04 billion, while its investment loan portfolio grew by $50 million over the month to $5.46 billion in April.

Suncorp and BOQ (formerly Bank of Queensland) also recorded residential loan growth in April, with their portfolios rising by $32 million, or 7.5 basis points, to $42.51 billion and by $6 million, or 2.2 basis points, to $27.75 billion, respectively.

Suncorp saw a $59 million increase in its owner-occupied book, which stood at $30.82 billion at the end of April. However, its investment book thinned by $27 million to $11.7 billion.

BOQ’s owner-occupied and investment portfolios saw similar mixed movements, with owner-occupied loans growing by $7 million to $16.41 billion, and investment loans decreasing by $1 million to $11.33 billion.

Bendigo and Adelaide Bank saw a $279 million increase in the size of its residential mortgage portfolio, which sat at $38.2 billion at the end of April.

According to APRA’s stats, Bendigo and Adelaide Bank’s owner-occupied loan book grew by $150 million to $25.35 billion in April, and its investment loan book by $129 million to $12.85 billion.

Meanwhile, AMP Bank grew its mortgage book by $151 million, or 1.11 per cent, to $13.8 billion in April. The size of its owner-occupied loan portfolio at the end of April was $10.27 billion, up $91 million from the previous month, and its investment loan portfolio increased by $60 million to $3.53 billion.  

Citigroup’s residential loan book expanded by $49 million, or 69.9 basis points, to $7.06 billion. Owner-occupied loans was up by $50 million to $4.86 billion, while investment loans were down slightly by $1 million to $2.2 billion.

However, ING Bank Australia recorded a decrease in the size of its residential mortgage portfolio of $87 million, or 17.6 basis points, to $49.32 billion in April. Owner-occupied loans were down $37 million to $39.56 billion, while investment loans were down $50 million to $9.76 billion.

Among the big four banks, ANZ experienced the largest decrease in residential loans, with its portfolio shrinking by $621 million over the month to $256.31 billion. Owner-occupied loans were down by $169 million to $178.29 billion, while investment loans were down $452 million to $78.02 billion.

The APRA data revealed that NAB’s mortgage portfolio also thinned in April, contracting by $184 million to $261.1 billion.

The size of its investment home loan book decreased significantly by $343 million to $105.04 billion, which was offset by $159 million growth in its owner-occupied book to $155.9 billion.

The Commonwealth Bank of Australia (CBA) is continuing to outpace its big four peers in residential mortgage growth, with its portfolio – which includes loans settled by its subsidiary Bankwest – increasing by $1.72 billion to $431.53 billion.

Most of CBA’s portfolio growth was driven by a $1.53 billion rise in its owner-occupied book, which grew to $298.44 billion, while its investment home loan portfolio rose by $189 million to $133.1 billion.

Westpac and its subsidiaries (Bank of Melbourne, BankSA and St George Bank) also reported strong portfolio growth of $1.2 billion in April, with the group’s total book increasing to $415.88 billion.

Westpac’s portfolio growth was also largely driven by a rise in its owner-occupied book, which increased by $1.01 billion to $263.29 billion, while its investment home loan book grew by $195 million to $152.59 billion.

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