Lender

The mutual lender has announced a new alliance with NextGen in its pursuit towards digitisation.

The major lender has made its abuse detection artificial intelligence model available to banks globally.

While home lending “remains a key market”, the major lender will be “tilting towards” its business bank, according to its chief executive.

The bank’s mortgage book grew 6 per cent in the six months to September, taking its consumer home loan portfolio to $114 billion or 5.1 per cent of the Australian market.

Australia’s banks have begun raising interest rates on home loan and savings after the RBA’s latest rate increase.

Westpac has reported the "largest proportion" of fixed-rate loans rolled off during the financial year 2023.

The Northern Rivers of NSW lender has transitioned to become a bank as it “seeks to put the power back in the hands of the community”.

The non-major bank has appointed a new chief executive following resignation of Clive van Horen.

The non-bank lender has announced it has successfully closed another RMBS issue.

The major bank has continued its downward trajectory, recording another month of losses driven by a decrease in its owner-occupier loan book.