Lender

A second big four bank has affirmed it will be removing cashback offers in the coming months.

Another lender has announced it will be withdrawing its cashback offer from market from 31 May.

Suncorp’s home loan growth has slowed in the past three months, in line with industry trends.

All four major banks, alongside a handful of non-major and non-banks, are part of a group of organisations to donate $7.75 million towards financial counselling services.

Heritage and People’s Choice have announced the appointment of Penny Iverach to the newly created position of head of technology integration.

All four major banks, alongside a handful of non-major and non-banks are part of a group of organisations to donate $7.75 million towards financial counselling services.

The major bank recorded a rise in its home loans for the three months to March 2023.

The major bank wrote almost $50 billion in new home loans in 1H23, with the proprietary channel originating less than half of new flows.

Mortgage brokers originated 64 per cent of ANZ’s new mortgages in 1H23, up 11 percentage points on the same period last year.

Home loans now make up 35 per cent of the lender’s asset portfolio, with growth driven by lower loan-to-value and owner-occupier lending.