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ASB Still Tops Mortgage Growth

ASB Still Tops Mortgage Growth

Statement made by Linley Wood, Head of Corporate Affairs, ASB Bank

ASB Bank retained its top market growth position in the home mortgage market during December’s “mortgage war” by winning 30% of home lending growth.

Our average growth was high for the whole of 2004, with ASB achieving more growth in the market than any of its competitors.

During December the spotlight went on interest rates, but the results we achieved demonstrate that home buyers factor in far more than a two-year special interest rate when making decisions about a mortgage.

Service, flexibility and the rate of interest over the life of the loan are all important factors, and ASB Bank’s reputation stood up to the fierce competition that emerged during December.

ENDS

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