Lender

Banks have approved $41 billion in loans for SMEs, while about 70 per cent of SME loan applications received the green light, ABA figures showed.

The central bank is expecting lenders to exhaust the $200 billion in low-cost funding offered via the term funding facility, helping to accelerate the recovery from the COVID-19 crisis.

The partnership will provide Afterpay customers with access to Westpac’s transaction and savings accounts, and cash flow management tools.

More than a third of investors would consider refinancing to a new lender to secure a slightly better rate, while the majority of investors used brokers to secure finance over the past year, ...

Moody’s has predicted a substantial rise in non-performing loans after the measure that allowed banks to treat loans subject to repayment deferrals as performing expires in March 2021.

The non-bank lender has announced its largest commercial mortgage-backed securitisation to date.

The major bank has announced that it is more than doubling the number of local business bankers in branches across Australia.

NAB has announced that it will open a new waitlist for the FHLDS New Home Guarantee and start accepting conditional approval applications from Wednesday of this week.

The industry body has announced that AMP Australia’s acting CEO will join its board as a director.

Almost half of deferred mortgage loan borrowers are back to making regular loan repayments as of last week, according to the ABA.