Lender

Members of the broking industry have welcomed the appointment of Anja Pannek as the new chief executive of the Mortgage & Finance Association of Australia.

A big four bank has distributed a further $2 million in funding to support flood victims across Australia’s east coast.

The banking arm of AMP saw its residential mortgage book increase to $22.4 billion, or 9 per cent, in the first half of its financial year.

While the majority of NAB customers are ahead on their home loans, 1 in 5 has felt financially stressed in the last 90 days, a bank survey has found.

Commonwealth Bank of Australia has reported home lending grew by 7.4 per cent over the financial year 2022, but slowed in the latter half amid rate rises. 

The aggregation group has committed to planting one tree for every new home loan funded by its lending arm.

The Reserve Bank of Australia has launched a new research project to investigate use cases for a central bank digital currency and its possible economic benefits.

The bank has released its June quarter results, reporting a lending and deposit boost in the wake of its deal with the lender.

The non-bank group has announced it will sell its insurance business, Hallmark, which would inject $20 million into its core business.

The Finance Sector Union is calling on government to intervene in the bank branch “crisis”, after the big four move to close another 37 branches.