by Jenny Ruth
Friday 7th October 2005 |
Text too small? |
Using Reserve Bank figures, that means the bank's share of the mortgage market dropped to 2.02% from 2.09% at the end of March and 2.49% at the end of June last year.
The central bank's figures show the total mortgage market (excluding Superbank) grew $3.8 billion to $107.16 billion in the June quarter.
HSBC has been losing market share since June 2003 when it bought AMP's $1.8 billion mortgage book. At the end of June 2003, it reported its mortgage book was $3.02 billion.
Hongkong bank's profitability also suffered during the June quarter, falling 4.6% to $5.6 million from the same quarter last year and from $8.25 million in the March quarter.
The bank's total assets also slipped to $6.4 billion at the end of June from$6.42 billion at the end of March but were up on the $6.29 billion at the end of June last year.
No comments yet
July 18th Morning Report
July 17th Morning Report
Meridian Energy monthly operating report for June 2025
July 16th Morning Report
AIA - June 2025 Monthly traffic update
CHI - Q2 2025 Operational Update
July 15th Morning Report
BPG - Blackpearl Acquires US AI Platform to Accelerate Growth
TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations