Adelaide Bank mortgage bonanza - 2004-03-17
Record mortgage lending was likely to boost returns to Adelaide Bank shareholder after another bumper full-year profit, group managing director Barry Fitzpatrick declared yesterday.
Defying the national trend of declining lending rates, Mr Fitzpatrick said mortgage approvals were running at about $600 million a month.
He is expecting the bank's full-year net profit to be at the top end of market expectations, with some analysts tipping up to $64 million.
Read the full story at Courier Mail