Qi Insights' Banking Insights Monthly report was featured in 'The Australian' newspaper on the 6th of February 2017. Banking Insights Monthly found that Bendigo & Adelaide Bank had replaced Suncorp Bank as the number 1 challenger to the Big Four banks in total market lending. The Australian article explores Bendigo's focus on better banking.
Qi Insights' Managing Director, Peter Drennan, was quoted as saying: “Mortgage growth over the year is more than double Suncorp’s, Bendigo’s well-known customer focus and commitment to providing more options for customers outside the Big Four seems to be working well.”
More from the article: "According to Qi Insights’ Banking Insights Monthly, Bendigo and Suncorp have just 2.13 and 2.12 per cent of the lending market each, respectively. However, the Big Four have ceded market share over the last year, with non-Big Four banks growing their slice of the market to 20.34 per cent last year, up from 19.54 per cent a year earlier."
Click on The Australian logo to read the article (subscription required) or contact us for more information on Banking Insights Monthly.