According to an article in the BusinessDay, Absa's share has shrunk to 33,2%, having lost 1,2% to Standard Bank last year. Standard now has 24,6% of the retail mortgage market, valued at R275 m. Overall, Standard Bank has gained 5% retail mortgage market share in three years and another 0,8% in the first quarter of this year.
The table below shows the bond market share by value of the major banks.
| Market Share by bond value (%) | ||
| Bank | Oct/Nov 2003 | Dec/Jan 2004 |
| Absa | 29,07 | 32,23 |
| FNB | 13,36 | 14,28 |
| Investec | 4,41 | 3,49 |
| Nedcor | 20,50 | 18,54 |
| Standard | 28,34 | 29,65 |
| Other | 4,32 | 1,81 |
BusinessDay article
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