Lender

The non-major has reported growth in housing lending as well as a rise in home loan settlements via the broker channel.

Heritage Bank has announced that board director and chair of the risk and compliance committee, David Thorpe, is to step down from his position.

The personal loans lender has reported that new loan originations increased by a “record” $98 million in Q3FY21. 

A Hong Kong-based investment company has launched a real estate debt fund to invest in first and second mortgages for commercial and residential real estate in Australia and Asia Pacific.

The previous ME Bank CEO, Jamie McPhee, has joined the non-bank lender’s board as a non-executive director, along with a former American Express executive.

A non-major bank is “consolidating” its office space in Brisbane as it expects a hybrid model of remote and in-office work to be an “ongoing feature” moving forward.

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.