Lender

The non-major bank has reported, albeit marginal, growth in loans over the first quarter of the calendar year.

The majority of ANZ borrowers will be able to manage a rising interest rate environment, the chief executive of the major bank has said while announcing the group’s half-year results.

The bond provider has promoted Niraj Singh to lead the group’s business development team.

Borrowers at the big four banks will see variable rates rise by 25 basis points, as the majors pass on the RBA’s full rate hike.

The ASX-listed non-major bank revealed the “second highest” number of residential loan applications since its offering, in the third quarter of financial year 2022.

OneTwo Home Loans, a new lender partnered by Lendi Group and 1835i, has launched into market with a mortgage that gives customers discounts on their interest rate as they pay it down.

The lender had the largest rise in home loan market share over 2021 relative to its size, with its slice increasing by around 29 per cent.*

While its big four rivals managed to grow their mortgage portfolios over March, ANZ’s total slipped by $82 million.

The major bank has followed the recent trend set by lenders outside the big four, unveiling a new product for sustainable residential properties.

The majority of ANZ borrowers who made misrepresentations on their mortgage applications were advised to do so by the bank’s staff, according to a new survey.