BUZZ-Macquarie outshines Aussie lenders in deposit, mortgage growth, says Morgan Stanley

Reuters
01 Apr
BUZZ-<a href="https://laohu8.com/S/MQG.AU">Macquarie</a> outshines Aussie lenders in deposit, mortgage growth, says <a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a>

** Morgan Stanley says major Australian banks show varied deposit and mortgage growth rates in last three months, with Macquarie Group MQG.AX delivering exceptional above-system growth

** Brokerage says country's biggest bank Commonwealth Bank of Australia CBA.AX records below-system growth in both household deposits and mortgages, though mortgage performance exceeds peers

** Adds Westpac WBC.AX underperformed market average in both household deposits and mortgages, with mortgage growth weaker than peers

** Says National Australia Bank NAB.AX outpaces industry benchmark in household deposits while mortgage growth remains below market average, matching competitors

** ANZ Group ANZ.AX matches overall market in household deposits but lags in mortgages despite outperforming major bank peers

** Shares in ANZ, CBA and NAB up 0.6%, 0.3%, and 0.2%, respectively, on the day

** MQG 0.2% higher, WBC slips 0.8%

(Reporting by Roushni Nair in Bengaluru)

((Roushni.nair@thomsonreuters.com;))

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