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CBA reports strong lending growth

Mortgage and business lending both rose in 1H21, but the major bank’s profit dropped 20 per cent as a result of low interest rates and the COVID pandemic, according to new figures.

CBA reports strong lending growth
ColCap prices $1.5bn RMBS

The non-bank lender has announced the pricing of its $1.5-billion RMBS, its largest issuance to date.

ColCap prices $1.5bn RMBS
Suncorp to withdraw from personal lending

The non-major bank has announced that it will cease offering personal loans as it moves to have a “greater focus on home lending”.

Suncorp to withdraw from personal lending
Macquarie posts 9% quarterly mortgage growth

The non-major bank’s home loan portfolio rose 9 per cent between September and December 2020, closing the calendar year at $62.6 billion.

Macquarie posts 9% quarterly mortgage growth
Liberty’s value surges following IPO

The non-bank lender has seen its market capitalisation increase by more than half a billion dollars since listing on the ASX.

Liberty’s value surges following IPO
RBA focused on lending, not house prices: Lowe

Governor Philip Lowe has said that the central bank will continue to focus on lending standards and hold discussions with regulators if they were to deteriorate.

RBA focused on lending, not house prices: Lowe
Brokers, settlements boost REA Group finserv wing

Higher settlements and improved broker productivity have increased the global real estate group’s financial services business’ operating revenue, but it was offset by a non-cash valuation ...

Brokers, settlements boost REA Group finserv wing
Big four provide WA bushfire disaster relief

The big four banks have each announced disaster relief packages available to customers impacted by bushfires in WA.

Big four provide WA bushfire disaster relief
Banks offer WA bushfire disaster relief

Several banks, including majors and non-majors, have announced that customers impacted by the ongoing bushfires in WA may be able to defer repayments as part of a new relief package.

Banks offer WA bushfire disaster relief
Major bank appoints non-executive director

Westpac Banking Corporation has appointed Dr Nora Scheinkestel as an independent, non-executive director, effective as of 1 March 2021.

Major bank appoints non-executive director
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