CBA looking to increase Aussie share

by Caroline Dann10 Sep 2012

CBA is 'looking' to increase its share of Aussie Home Loans, according to reports first published yesterday in The Australian Financial Review (AFR).

 
CBA bought a 33% share in Aussie in 2008 worth $71m.
 
According to the AFR, a key reason for CBA to increase its stake is access to Aussie’s alternative lending brands, which would increase its home loan activity beyond Bankwest.
 
Both NAB and Westpac have already invested in alternative lending brands.

COMMENTS

  • by Country Broker 10/09/2012 10:35:47 AM

    Aussie franchise owners BEWARE !!

  • by Broker 10/09/2012 3:37:38 PM

    If you can't write decent volumes , you just buy it!