National Australia Bank is attracting a "higher quality customer" for its home loans thanks to its below-peer pricing of its mortgage products, the bank's head of retail banking, Lisa Gray, told
The Australian.
Gray spoke to the newspaper in connection with an analysis of shifts in market share in home lending, based on APRA's monthly banking statistics.
NAB, for once, managed to report above-system growth in home loans in May 2010 at 1.3 per cent and compared with growth for all banks. NAB, however, lagged in growth measures over three, six and 12 months.