Lender

LATEST PODCAST: Further relief for SMEs and borrowers
30 March 2020
LATEST PODCAST: Further relief for SMEs and borrowers

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

1 in 4 lenders could exit market by 2025: GlobalData
30 March 2020
Big four banks

According to data analysis agency GlobalData, one in four ADIs could exit the market within the next five years, as unemployment levels rise, and credit appetite dissipates.

COG to ‘scale back’ direct equipment lending
27 March 2020
mortgagebusiness

Asset finance group Consolidated Operations Group has announced that it will “scale back” its equipment leasing but will continue its asset finance broking operations.

Treasurer rejects lender acquisition
26 March 2020
Treasurer rejects lender acquisition

A non-bank’s proposed acquisition of a Queensland-based lender has fallen through after Treasurer Josh Frydenberg deemed it was not in the national interest.

AMP, ING, Auswide launch relief packages
26 March 2020
AMP, ING, Auswide launch relief packages

The non-majors are the latest lenders to announce support packages for consumers and businesses impacted by COVID-19.

Lender hikes rates, overhauls policy amid COVID drag
25 March 2020
document review

A non-bank lender has repriced its offerings, revised its serviceability policy and withdrawn a product in response to the economic fallout from the coronavirus.

‘Overstated’ stimulus won’t cushion economic blow: ANZ
25 March 2020
ANZ

The economic impact of the coronavirus outbreak will only be “partly offset” by the recent injection of fiscal stimulus, according to ANZ Research.

Westpac launches new low-cost SME offering
24 March 2020
Westpac

The major bank has rolled out a new unsecured loan product for small-business customers, offered at a cut price to support businesses grappling with the economic fallout from the coronavirus ...

Bendigo completes second phase of capital raise
23 March 2020
Bendigo completes second phase of capital raise

The non-major bank has successfully completed its share purchase plan, which will reportedly help sustain growth in its residential mortgage business.

New triple-pronged boost to lending announced
20 March 2020
New triple-pronged boost to lending announced

The federal government, the Reserve Bank and APRA have announced a wave of new measures to stimulate the flow of credit in the domestic economy and “cushion the blow” dealt by the ...