The country’s fifth-largest banks has seen an uptick in late repayments and a draw down in buffers,even as it posted a record cash earnings result.
As D-Day looms for the Australian banking sector’s biggest proposed deal since 2008,ANZ and Suncorp are trying to persuade regulators that the local industry isn’t a cozy oligopoly.
The chief executive of Australia’s second-largest mortgage lender says the bank has seen a rise in early-stage delinquencies as interest rates bite.
Green loans to businesses have grown as banks shore up their sustainability credentials,and individuals are increasingly seeking the same.
Bendigo’s chief executive Marnie Baker says most of its customers are still ahead on their mortgage repayments and it expects a cash rate of about 4 per cent.
The competition watchdog is deciding whether to authorise ANZ’s purchase of Suncorp’s banking arm for $4.9 billion.
Bendigo and Adelaide Bank chief Marnie Baker has queried whether ANZ’s $4.9 billion plan to buy Suncorp’s bank “passes the sniff test”.
After several days of silence from the big four,NAB was the first of the big four to announce its interest rate move
Bendigo and Adelaide Bank shares fell sharply on Monday,after it revealed a sharp decline in its net interest margin.
Reserve Bank governor Philip Lowe warns home buyers with big mortgages are a weak spot in the economy when rates are lifted from their record low levels.
Bendigo and Adelaide Bank boss Marnie Baker says the lender’s home loan customers and the wider economy can cope with a gradual rise in interest rates.