• Contact
  • Feedback
Banking Day
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Bendigo and Adelaide bets on margin lending recovery

09 July 2013 4:43PM
Bendigo and Adelaide Bank is betting on a pick-up in the margin lending market. It has launched an investment program for its subsidiary, Leveraged Equities.The bank's head of wealth markets, Alexandra Tullio, will be appointed to a new executive role at the head of Leveraged Equities. The business is hiring senior staff.According to Reserve Bank figures, total margin loan balances fell by 70 per cent between December 20007 and December 2012. In the March quarter, balances recorded their first growth since 2007.Bendigo and Adelaide Bank's chief executive, Mike Hirst, said there were positive signs for the business. It ran a successful end of financial year interest pre-payment campaign last month.Hirst said: "The better-than-budgeted result underlines the strong position Leveraged Equities has in the margin lending sector."We may be about to enter an upturn in the margin lending business cycle as we are seeing some signs of a return in investor risk appetite."

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use