CBA book boosted by multibillion-dollar OO rise By Malavika Santhebennur 01 February 2021
The major bank has recorded a multibillion-dollar mortgage portfolio growth, propelled by owner-occupier lending, while the other major banks have also recorded growth across their loan books, new figures have shown.
The Australian Prudential Regulation Authority (APRA) has published its latest monthly authorised deposit-taking institutions statistics (MADIS) for December 2020, which has revealed that most of the major banks have recorded growth across its owner-occupier and investment loan portfolios.
According to APRA, total residents’ loans and finance leases increased by $9.4 billion – or 0.3 per cent – in December 2020.
It also stated that in housing lending, both owner-occupier loans and inves
The Australian Prudential Regulation Authority (APRA) has released its Monthly Authorised Deposit-taking Institution Statistics (MADIS) publication for.
Copies of the publication are available on APRA’s website at Annual superannuation bulletin.
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Australia's pension assets decreased for the first time in a decade in the financial year ending June 2020, as workers withdrew on their savings to weather the coronavirus crisis, the sector regulator said in a report on Friday.
By Ry Crozier on Jan 29, 2021 9:20AM
Will combine it with UBank.
NAB is set to acquire neobank 86 400 and combine it with its own digital-only proposition UBank.
The big four bank already holds approximately 18.3 percent of 86 400 after participating in a recent capital raising round.
It is now proposing to buy out the remaining shares for a cost of approximately $220 million, “a premium” on the recent raise.
86 400 said it has over 85,000 customers and 320,000 accounts, as well as a digital mortgage brokerage business.
The neobank’s CEO Robert Bell said in a statement that joining UBank “will significantly fast-track our growth, propelling our business, customer numbers and balance sheet to a position which would’ve otherwise taken five years.”