The Blog

111 (1)

ANZ Banking Group’s home-lending growth has sunk to almost zero, forcing its chief executive to admit the bank may have been “overly conservative” in cutting investor lending and commit to ramping it back up.In a first-quarter trading update focusing on housing and capital, ANZ said its home-loan portfolio grew just 0.4 per cent in the year to the end of January, with the fall in investor borrowers outpacing growth in owner occupiers. ANZ said this was partly because of falling house prices hitting sentiment and partly due to its tougher lending policies in the second half of last year.

Leave a Comment

Your email address will not be published.