Australia’s big four banks continue to dominate the mortgage market, according to the most recent data from APRA, Australia’s banking regulator.Commonwealth Bank is the country’s biggest mortgage lender – it had $497.5 billion of home loans on its books at the end of October.
Next came Westpac on $424.3 billion, NAB on $274.1 billion and ANZ on $260.4 billion.
By way of comparison, Macquarie Bank, the fifth-largest mortgage lender, had a home loan book of only $74.4 billion.
The top 10 was rounded out by Bendigo & Adelaide Bank, ING, Suncorp Bank, Bank of Queensland and HSBC.
Each bank’s stats include any subsidiary businesses it might own, such as Bankwest (owned by Commonwealth Bank), St George (Westpac) and Ubank (NAB).
Want more updates like this? Join the online community!