Kiwibank's mortgage book grew at its slowest pace since the global financial crisis in the March quarter
The government-owned bank's mortgage book grew by $160 million in the latest quarter with $152 million from lending to people with deposits of more than 20%, the safest type of lending.
The riskiest part of the bank's mortgage book shrank in the three months ended March. Lending to those with less than a 10% deposit shrank by $28 million in the latest quarter.
Kiwibank's recent promotions have focused on lending to people with deposits of 20% or more.
Overall growth was well down on the $273 million the bank added in the previous quarter and the $225 million growth in the same quarter last year.