Lender

The non-major bank has lowered its variable interest rates by up to 15 basis points and decreased its one-year and two-year fixed rates by 0.10 per cent.

The non-major bank has announced the completion of the institutional component of its $80-million equity raising announced earlier in the week.

BNK Banking Corp has raised $13 million from institutional investors, with plans to support the growth of its loan book and to bolster its working capital.

Nominations and submissions are now being accepted for the 28 categories of the fifth annual Women in Finance Awards.

Non-bank lender ScotPac has recruited a former Westpac and HSBC lead to fill its newly formed role of chief risk officer.

The non-bank lender has officially been admitted to the official list of ASX Ltd, with trading commencing on a conditional and deferred basis under the code PPM.

The non-major bank said that it is aiming to raise up to $80 million to “rapidly” grow its loan book as well as business through the broker channel.

A customer-owned bank has launched a new home loan offering that enables borrowers to access a discounted interest rate if their home meets certain environmental criteria.

Industry bodies said the Victorian government’s moves to reduce its deficit is “premature”, and warned of the adverse effects of the new taxes on individuals and businesses.

Home loan customers in hardship arrangements will be given the option of building a savings buffer by making smaller loan repayments, the lender said.