The Australian reports National Australia Bank will slow its aggressive residential mortgage lending, but still aims to keep growing at a faster rate than its rivals. In a briefing yesterday, NAB’s head of personal banking Lisa Gray said the bank was keen to capitalise on the recovery of its retail business over the past three years. Retail banking was a laggard for NAB at the start of the global financial crisis, but has been overhauled and lifted its earnings by 21 per cent over the past two years. NAB has also increased its residential mortgage market share from 12.8 per cent in September 2009 to 14.7 per cent at the end of March.
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