NAB has fastest growing loan book

National Australia Bank is expanding its loan book faster than it’s other big four rival, The Australian Financial Review reports.

Figures from the Australian Prudential Regulation Authority for the year to December indicate NAB’s loan book grew 0.7 per cent in December to record an annual growth rate of 7.2 per cent. That was 1.2 times system growth rate, with ANZ Bank second of the majors with an expansion in line with overall system growth.

Macquarie Bank booked the fastest growth rate in home lending as is pushes into the market with partner Yellow Brick Road. However, the company still only represents 1.6 per cent of the mortgage market, the AFR reports.