NAB primed for second growth phase

Consumer banking business showing good momentum.

National Australia Bank said its mortgage market share is up. It’s also become a net acquirer of customers, with four million customers.

NAB has increased its level of home lending by more than 18% since implementing its "break up" strategy in 2011, or more than twice as fast as the rest of the market.

"We want to continue growing the business like we have, not just because the returns are attractive, but also bearing in mind that a home loan is the best product to drive cross-sell, whether's its general or life insurance, wealth products, transaction accounts or credit cards," said head of retail, Gavin Slater.