Members Equity Bank has raised up to $5 billion from its shareholders which chief executive Anthony Wamsteker says should be enough to fund mortgage growth over the next 12 to 18 months. “We had a bit less than 12 months [funding] in place during the darkest days when securitisation markets were frozen, but it’s back up to where we want it to be,” he said. The bank is owned by around 43 industry superannuation funds, some of which along with other funds, provided the commitments. The issue was priced at less than 1 percentage point above the 90-day bank bill swap rate.