Lender

The bank’s head of broker partnerships has been appointed the acting executive general manager of home lending, effective 4 December.

The mutual bank has held its first annual general meeting following the merger earlier this year.

While the upcoming 2025 digital bank won’t house a specific lending division, it’s expected to bolster the bank’s current lending capabilities.

The incorporation of Suncorp Bank would not “substantially lessen competition in any relevant market”, the major bank has stated.

The non-major bank has selected its CRM provider ahead of the launch of its broker offering and new mortgage origination system.

The major bank’s home loan balance fell $4.5 billion in the September quarter, with a drop-off in broker-introduced loans.

The non-bank lender’s chief executive expects a positive 2024 after what was a “challenging” financial year 2023 for the group.

The private lender has bolstered its senior executive team with a new chief operating officer and general manager, loan origination and credit.

While borrowers behind on loan repayments remain at low levels, EY has called on banks to monitor arrears as the full effect of rate hikes still looms.

The major bank looks to continue to grow its digital home loan product after its launch earlier this month.