Lender

A non-bank lender has established a $1-million Flood Disaster Relief Fund to assist its customers affected by the NSW and Queensland floods. 

AMP Ltd has announced that its CEO Francesco De Ferrari will retire from the role, and has appointed a new group CEO.

CBA and Westpac reported a larger increase in their mortgage books compared with their peers, while NAB recorded a contraction in its investor portfolio, the latest APRA data has revealed.

The value of total deferred loans has dropped by $23 billion month-on-month to February as the deferrals program comes to an end.

The SME lender has announced that it has received access to New Zealand’s Business Finance Guarantee Scheme to help small businesses recover from the COVID-19 crisis.

The federal government has announced a new minister for small and family business as Prime Minister Scott Morrison reshuffles his cabinet and promotes more women.

The major bank has selected Melbourne-based FrankieOne as its identity infrastructure provider for the major bank’s new banking-as-a-service platform.

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

NAB has welcomed 134 mobile business bankers to its ranks, and will bring in another 70 before the end of the year, as it works to broaden its credit support for SMEs.

The specialist lender has priced a $550-million residential mortgage-backed securities transaction, its first of the year and largest to date.