Lender

The non-major bank has announced that it will cease offering personal loans as it moves to have a “greater focus on home lending”.

The non-major bank’s home loan portfolio rose 9 per cent between September and December 2020, closing the calendar year at $62.6 billion.

The non-bank lender has seen its market capitalisation increase by more than half a billion dollars since listing on the ASX.

Governor Philip Lowe has said that the central bank will continue to focus on lending standards and hold discussions with regulators if they were to deteriorate.

Higher settlements and improved broker productivity have increased the global real estate group’s financial services business’ operating revenue, but it was offset by a non-cash valuation ...

The big four banks have each announced disaster relief packages available to customers impacted by bushfires in WA.

Several banks, including majors and non-majors, have announced that customers impacted by the ongoing bushfires in WA may be able to defer repayments as part of a new relief package.

Westpac Banking Corporation has appointed Dr Nora Scheinkestel as an independent, non-executive director, effective as of 1 March 2021.

ING Bank has announced a change in some variable and fixed interest rates for investment loans.

The customer-owned bank has announced that it is to start trading under a new name and call itself a bank by the end of the year.