Lender

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.

The major bank has hired internally to fill the position of head of corporate finance, international, a newly created role overseeing the corporate finance unit.

The ASX-listed bank has reported strong third-party-driven loan book growth over the first few months of the new financial year.

The non-bank lender has announced residential mortgage rates cuts of up to 30 bps.

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, ...