Macquarie’s plan to grab more market share in deposits

Original article by James Eyers
The Australian Financial Review – Page: 19 : 11-Feb-26

Data from the Australian Prudential Regulation Authority shows that Macquarie Bank’s household deposits topped $100bn for the first time in December. Macquarie’s deposits grew by 3.6 per cent in December, outperforming all other banks. Head of personal banking Ben Perham says Macquarie aims to increase its market share with regard to term deposits, which is curently one per cent; in contrast, its share of transaction and savings accounts is now seven per cent. Meanwhile, its home loan market share has risen to 6.8 per cent, and Perham says it is approving mortgage loans "considerably faster" than other lenders.

CORPORATES
MACQUARIE BANK LIMITED, MACQUARIE GROUP LIMITED – ASX MQG, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

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