Lender

The non-bank lender has appointed an independent non-executive director to its board, in addition to Mary Ploughman as chairman earlier this year.

The major bank has seen its profits contract by two-thirds on last year’s figures, falling 66 per cent to $2.29 billion.

For the third month in a row, ANZ and the CBA have recorded multibillion-dollar mortgage portfolio growth while the other two major banks have reported a contraction, APRA data has shown.

The major bank’s board and its CEO have agreed to amend his contract to remove the two-year term.

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.