Non-major lender Bendigo and Adelaide Bank has agreed to buy more than a quarter of the value of a government-backed lender’s loan book.
Building society Newcastle Permanent has delivered a net profit after tax in excess of $40m, with growth in its loan book a key contributor to the result.
Industry super fund-owned bank ME remains on a strong growth path, with the non-major lender announcing a healthy profit increase across the 2016 financial year
Property buyers have responded positively to the Reserve Bank of Australia’s August cash rate cut, with figures from one lender showing a sharp increase in interest in mortgage enquiries following the decision
Business credit is expected to experience strong demand in the second half of 2016, according to ING Direct
The banking regulator has warned Australia’s major banks may have to further increase their capital buffers, despite the extra $18 billion raised in new equity last year
Non-major lender Adelaide Bank has increased the maximum loan size on selected commercial loan products
ING Direct has cut its three-year fixed rates for both owner occupiers and investors
Competition within the owner occupied mortgage market continues to heat up, with loans to owner occupiers gaining momentum while investor loans slump
A major lender has announced further restrictions on foreign lending, banning lending to foreign buyers who cannot provide evidence of local income