HomeMedia & ResourcesMedia ReleasesAPRA figures show strong customer owned growth

APRA figures show strong customer owned growth

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COBA today welcomed quarterly statistics from APRA which show growing support from Australian consumers banking with the customer owned sector.

“Australians are responding to our customer and community focus and comprehensive banking experience,” COBA CEO Michael Lawrence said.

“These results follow a KPMG report last week which noted our strong financial performance, investment in technology and further growth opportunities.

“APRA’s quarterly performance statistics highlight the value and strength of banking delivered through a customer owned model.”

The APRA quarterly statistics show:

  • Housing loan growth of 1.3%
  • Deposits growth of 2.1%
  • Total customer owned banking sector assets now exceed $110 billion.

“It’s extremely encouraging to see our sector growth continue.

“Mutual banks, credit unions and building societies are offering compelling products and services to more than 4 million Australians.

“While we’re regulated in the same way as listed banks, we offer customers a different approach.

“Our ownership model puts the customer first through excellent service and highly competitive and award winning home loans, personal loans, credit cards and deposit products.  

“Today’s APRA figures are welcome news as we get ready for an exciting 2018.”

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For more information please contact:

Daniel McDougall, Senior Manager – Media and Communication

02 8035 8444 or 0407 637 541, This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Customer Owned Banking Association is the industry body for mutual banks, credit unions and building societies.  See www.customerownedbanking.asn.au

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Media Contacts

Mick Gibb
Corporate Affairs Manager
P: +61 2 8035 8444
M: +61 423 149 494
Email Mickcontact-arrow

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