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
08 July 2026
New research explores the future of community wealth building in Australia
New research from SGS Economics and Planning and Neighbourhood Economics examines what is holding back wider adoption of community wealth building as a model of local...
06 July 2026
Co-operative housing activation: Building a new housing pathway in Australia
Work is underway through the BCCM to bring together co‑operative housing providers, mutual lenders and sector partners to explore and advance a new limited equity...
06 July 2026
Mutual Value MX research project to strengthen member experience
The BCCM in collaboration with Monash Business School is launching a new national research project, designed to help co-operatives and mutuals better understand members...