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.
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.
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