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By: Belinda Luc
Despite having the highest standard variable interest rate of all the majors for the last five months, Westpac’s residential loan book remains the biggest of the big five banks, according to latest figures.
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A report released by Australian Prudential Regulation Authority (APRA) this week showed that Westpac wrote about 33 per cent of the majors’ home loan volumes in March, leading the pack.
CBA followed closely behind with 31 per cent, while NAB and ANZ both recorded 18 per cent of all majors’ home loans and advances.
