Lender

An executive has revealed the big four bank is working to deflate its broker loan assessment times, as its book has slimmed.

Three of the big four banks saw a decline in their investor loan portfolios in July, while ANZ’s owner-occupier loan book also fell, according to the latest data.

Tasmania has recorded the biggest fall in housing affordability, with average home loan amounts rising by over 340 per cent in the last 20 years, according to research.

The non-bank lender has appointed a lending manager, based in the company’s Sydney office.

The major bank is set to close six branches, including pulling out of Hamilton Island.

Bendigo and Adelaide Bank Limited has appointed the former chief executive of Deloitte Australia as a non-executive director.

The major bank will welcome a new independent non-executive director on 1 September.

The non-major bank has laid out its game plan for further expansion in the coming year, after recording 10 per cent growth in its loan book.

The major bank has confirmed a new leadership appointment and announced a new CEO and MD for its subsidiary, Bank of New Zealand. 

The ASX-listed group has seen a surge across its personal and auto loans, with the recent acquisition of personal lender Symple expected to accelerate the growth further.