ANZ's CEO, Shayne Elliott, says the bank plans to grow by selling more home loans in Australia, following years of raising growth opportunities in Asia, after finding itself left behind by its rivals. The bank's chief executive, Shayne Elliott. Mr Elliott says, "We have the most diverse book of all the four banks and have the least weighting towards mortgages and we can afford to grow it". At the same time, ANZ's head of banking operations, Mark Whelan, says the bank is concerned about the supply-demand balance in property markets,﻿ and has thereby reduced lending to developers, so as to avoid losses that could occur when the market slows down. ﻿﻿
ANZ's CEO, Shayne Elliott, says the bank plans to grow by selling more home loans in Australia, following years of raising growth opportunities in Asia, after finding itself left behind by its rivals. New South Wales will be particularly on its radar, despite the Australian Prudential Regulation Authority (APRA) restrictions on lending to property investors. Mr Elliott says, "We have the most diverse book of all the four banks and have the least weighting towards mortgages and we can afford to grow it". At the same time, ANZ's head of banking operations, Mark Whelan, says the bank is concerned about the supply-demand balance in property markets,﻿ and has thereby reduced lending to developers, so as to avoid losses that could occur when the market slows down. ﻿﻿