Lender

The Hong Kong-headquartered financial services group has acquired 53 per cent of the Australian non-bank lender.

The wholly owned subsidiary of AFG has priced an upsized $500 million RMBS transaction.

The chief of BNK’s banking business will depart to lead rival ASX-listed bank MyState.

Bank Australia funded almost $2.0 billion in loans in the financial year 2021, out of which more than $1.0 billion was generated through the broker channel.

The chief of the NAB digital subsidiary will lead both UBank and 86 400, as two executives are set to depart.

EXCLUSIVE: The federal Treasurer has flagged the importance of smaller lenders and brokers in providing mortgage competition. 

The payment giant’s Visa Instalments program will soon become available to millions of Australians following a partnership with ANZ and Quest Payment Systems.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

New mortgage and refinance settlements have taken a hit in both Victoria and NSW, which have endured prolonged lockdowns.

The government-backed low deposit lender has promoted its chief financial officer to the role of chief executive.