Lender

Lenders have begun offering disaster relief packages for customers impacted by Tropical Cyclone Seroja in Western Australia.

Boutique lender Apickle has launched new finance product for SMEs using eftpos that enable them to borrow up to $200,000 without an asset security.

The RBA has cautioned lenders and the financial sector against “excessive risk-taking” amid rising asset prices, including looser lending standards for loans.

The SME bank has appointed fintech specialist Lisa Frazier to the company as its new chief operations officer.

The non-bank lender has signed on as the official home loan partner of the Penrith Panthers for the next three years.

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.