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NAB flags competitive pressures amid mortgage growth

Although the big four bank managed to grow its home loan book over the 2021 financial year, margin pressures are expected to continue into the coming months.

NAB flags competitive pressures amid mortgage growth
Competition heating up for big four, say analysts

Researchers have tipped competition in the banking landscape will continue to intensify for the majors, as smaller rivals have gained market share.

Competition heating up for big four, say analysts
ANZ unveils new institutional bank leadership

The major bank has appointed five senior appointments to its institutional bank as it works to “strengthen the business” and deliver greater customer support.

ANZ unveils new institutional bank leadership
HSBC confirms incoming home loan rate cuts

The non-major bank will, from next week, reduce its variable home loan rates to as low as 1.97 per cent.

HSBC confirms incoming home loan rate cuts
Beyond Bank, South West Credit Union flirt with merger

The credit union and bank have entered into merger discussions, looking to potentially form “one of Australia’s larger customer-owned banking organisations”.

Beyond Bank, South West Credit Union flirt with merger
Which lender just slashed rates by 25 basis points?

Promoted by Capital Bridging Finance As talk of rate hikes intensifies, one lender is bucking the trend with a major rate cut.

Which lender just slashed rates by 25 basis points?
Home lending continues sustained growth: APRA

Both owner-occupier and investment housing lending increased in September, reflecting strong borrower demand boosted by low rates, according to new data.

Home lending continues sustained growth: APRA
Westpac Group home lending increases by $14.7bn

The major bank’s margins were squeezed by competitive pressures in the home loan landscape, as its book grew by 3 per cent in the 2021 financial year.

Westpac Group home lending increases by $14.7bn
Mutual bank, credit union wrap up merger

A mutual bank has revealed that it had completed the legal transfer to finalise a merger with a credit union.

Mutual bank, credit union wrap up merger
Macquarie reports 14% mortgage growth in 6 months

The non-major bank saw its home loan portfolio grow 14 per cent to $76.4 billion in the six months ended September 2021, according to its half-year results.

Macquarie reports 14% mortgage growth in 6 months
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