01 June 2016
Latest figures on banking have revealed more Australian families are taking out home loans with the customer owned banking model. Figures released by APRA and RBA show the customer owned banking sector significantly outpaced the market in home loan balance growth over the March 2016 quarter.
“These figures are encouraging because they indicate Australians are alive to the benefits that customer owned banking offers,” COBA CEO Mark Degotardi said. “People are looking at our model favourably because we offer competition and choice, diversity and a genuine alternative”, added Mr Degotardi.
Customer owned institutions had double the housing loan growth rate of the largest four banks in the market.
Latest news
18 November 2024
Second reading of the Associations and Co-operatives Legislation Amendment Bill 2024
The BCCM welcomes the second reading of the Associations and Co-operatives Legislation Amendment Bill 2024 by the Western Australian Legislative Assembly on 13...
22 October 2024
BCCM names its 2024 Honour Roll inductees
Eight outstanding leaders of Australian co-operatives and mutuals have been added to the BCCM Honour Roll for 2024, with this year’s inductees coming from banking and...
22 October 2024
BCCM anniversary list: 2024 member anniversaries
Introducing the inaugural BCCM anniversary list, honouring significant milestone birthdays of our members, proudly presented in 2024 by HIF and Capricorn.