Powered by MOMENTUM MEDIA
Broker Daily logo

Macquarie and ME Bank see greatest growth

Macquarie Bank and ME Bank have seen a significantly steeper increase in their loan books during the 2013/2014 financial year.

APRA figures released yesterday reveal that Macquarie Bank made the biggest move during the last financial year, with its loan book growing 37.8 per cent year-on-year to $24 billion.

ME Bank also enjoyed a strong year, jumping 17.3 per cent to $11.4 billion.

AMP Bank added 9.1 per cent to $10.3 billion, while Bendigo & Adelaide Bank rose 8.9 per cent to $42.9 billion.

==
==

ANZ climbed 7.5 per cent to $323.2 billion and Commonwealth Bank grew 7 per cent to $493.1 billion.

Westpac increased its loan book by 6.5 per cent to $440.4 billion, while NAB grew 5.7 per cent to $370.8 billion.

Suncorp Bank was up 5.4 per cent to $46.4 billion and Citigroup jumped 4.1 per cent to $14.1 billion.

ING DIRECT climbed 3.8 per cent to $41.3 billion and Bank of Queensland added 0.3 per cent to $29.2 billion.

More on Economy
11 November 2024
An increase in mortgage demand has suggested that consumer confidence is beginning to improve amid rate cut expectations
11 November 2024
The Treasury’s analysis of Australia’s economic performance highlighted plenty of concerning trends. However, business ...
11 November 2024
Mortgage interest charges have continued to rise, however, have been offset by lower fuel and electricity prices.