Lender

US-based global asset manager Ares Management has made a non-binding conditional proposal to bid for 100 per cent of AMP Ltd shares.

The major bank is offering SMEs a new equipment loan under the second phase of the Coronavirus SME Guarantee Scheme.

The major bank has confirmed the details of its new offering under phase two of the government’s Coronavirus SME Guarantee Scheme.

The neo-lender has announced that its warehouse loan funding facility has been upsized on the back of growth of its loan originations.

The proportion of Australian fintechs focusing on lending has grown to 29 per cent of all fintechs, up from 21 per cent last year.

The non-bank lender has recommenced offering prime home loan products to borrowers with a 90 per cent LVR.

Refinancing settlements for the first nine months of the calendar year 2020 are up 27 per cent on last year’s volumes, having peaked in June, according to new data.

The Tasmanian-based lender has seen a 43 per cent rise in settlements in the first quarter of the financial year, driven by strong demand from first home buyers and refinancers.

The non-bank lender has priced a securitisation valued at over $1 billion, in what constitutes three securitisations in four months.