Briefs: Latitude raises warehouse funding, ASB takes ‘most trusted’ crown

Banking Day staff
  • Hot on the heels of its ASX listing last week, Latitude Financial has established an A$813 million warehouse securitisation facility, which will fund the growth of its instalments lending business (including buy now pay later platform LatitudePay). Latitude said it expects the size of the new facility, Australian Sales Finance and Credit Cards Trust no.3, to grow to $1.1 billion next month, with the addition of another investor.

 

  • CBA’s Kiwi subsidiary ASB has taken the crown off Kiwibank in the Reader’s Digest annual poll of New Zealand consumers’ most trusted brands. Kiwibank, last year’s winner in the banking category, was kicked down to the number two spot, followed by ANZ.