Lender

National Australia Bank is set to acquire 100 per cent of the shares in digital lender 86 400, in a bid to help grow NAB’s digital brand, UBank.

The digital loan platform has reported strong mortgage activity in January, noting pressure on banks to keep up, according to its latest report.

Home loan commitments have soared across Australia and were above year-ago levels in all states and territories despite COVID-19, a new report has shown.

CBA’s investment fintech, x15ventures, has hired its first non-executive, independent chairman and a new portfolio adviser.

The major bank has announced that its group general manager internal audit, Shane Buggle, will take on the role of acting chief financial officer from next month.

As the COVID-19 repayment deferral period concludes at the end of this quarter, some lenders have stopped accepting new applications for deferrals.

Heartland Australia Group has completed a senior unsecured bond placement of $75 million.

Loan conditions and collateral guarantees continue to be major stumbling blocks for small businesses looking to access financing, according to new research.

The managing director of AMP Bank, Rod Finch, is set to join BOQ in April as its first director of transformation, as the bank continues to attract fresh talent.

Over 75,000 households have applied for a HomeBuilder grant, with the majority of applications relating to the construction of a new home, according to latest figures.