Bank Lender

• John Kavanagh

ING Australia regained momentum in the home loan market last year but is struggling to make headway with its push into the business banking market. read more

• John Kavanagh

Commonwealth Bank has estimated that its share of the big banks’ home loan net interest income rose 50 basis points in the financial year ending September 2023, as a result of its decision to prioriti.. read more

• John Kavanagh

IMB Bank grew its home loan book at more than twice the rate of system growth during the December half-year, but could not escape the margin compression that has hit the retail banking industry and su.. read more

• George Lekakis

Macquarie Bank appears hellbent on continuing to build market share across its mortgage lending business this year following a decision to cut the cost of most of its variable rate home loans. read more

• John Kavanagh

The number of lenders offering cashbacks with mortgages has fallen from the peak of 35 in March last year to 11 now, comparison site RateCity reports. read more

• John Kavanagh

Judo Bank released some headline numbers for the December half-year yesterday, ahead of the report of its interim financial results next month, as well as a forecast that its net interest margin will.. read more

• Ian Rogers

Macquarie Bank, HSBC and ING “are in a position to defeat coordination” by major banks, Ruth Higgins, barrister for ANZ told the Australian Competition Tribunal yesterday. read more

• George Lekakis

Macquarie Bank and ANZ together accounted for more than half of the system-wide growth in the Australian mortgage market in October as most regional banks and mutual lenders watched their loan books s.. read more

• John Kavanagh

Home loan borrowers and people saving for a deposit are largely unaware of the growing range of alternative home ownership strategies, a new report reveals. read more

• Banking Day staff

Business lender Scotpac has formed a partnership with foreign exchange and trade finance provider Ebury. read more

• John Kavanagh

ANZ’s approach to building its new ANZ Plus digital home loan, which was launched yesterday, was to look for external providers with market leading components and engineer parts of the platform itself.. read more

• Ian Rogers

Commonwealth Bank is shying away from the brokers channel to offset pressure on margins. read more

• John Kavanagh

David Marshall, CEO, Defence Bank Defence Bank navigated the challenges of the past year successfully, reporting record lending in the year to June, as well as strong growth in deposits and income. read more

• George Lekakis

Macquarie Bank has hiked its range of fixed interest home loans for the second time in less than 30 days. read more

• George Lekakis

Judo Bank chairman Peter Hodgson yesterday launched an extraordinary attack on investors who have driven down the market value of his company’s ASX-listed scrip, saying he was frustrated and disappoin.. read more

• John Kavanagh

Great Southern Bank grew its mortgage book by 6.6 per cent in the year to June, with this above system growth largely due to its penetration of the first home buyer market. read more

• George Lekakis

Macquarie Bank’s unswerving shift to a digital-only servicing model has been widened to include the removal of some types of phone-based support for mortgage brokers. read more

• John Kavanagh

Commonwealth Bank has started offering open banking to facilitate mortgage broker loan applications, using NextGen’s ApplyOnline platform. read more

• John Kavanagh

The latest mortgage data highlight the different approaches the big banks are taking in the current mortgage market, with CBA’s book running off over the past few months, while ANZ’s and Westpac’s boo.. read more

• George Lekakis

ANZ is the latest major bank to slash most of its fixed rate home loans following similar moves by Westpac and its regional subsidiaries earlier this month. read more