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Showing 201 - 210 of 1881 results for "Lending"

ANZ rakes in $7.4bn profit

CASSANDRA BALDINI  |  MONDAY, 13 NOV 2023
... retail business. Australia Commercial was its highest returning division and delivered 11% revenue growth in the year while lending grew to a record high of $62 billion. According to Elliott, deposits also grew, demonstrating an underlying resilience ...

Challenger expands strategic relationship with Apollo

CASSANDRA BALDINI  |  THURSDAY, 9 NOV 2023
... overall returns. In 2022, Apollo directly originated approximately US$100 billion of assets, primarily senior and secured lending opportunities. Challenger stated that the partnership will provide it access to origination flows, co-investment prospects ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... chief executive Peter King said. The Specialist Businesses Division, which operates BT Panorama, Westpac Pacific, margin lending, and retail auto finance, contributed $605 million in profit. Since its formation in May 2020, the division divested 10 business ...

La Trobe reveals global strategy, partners

CASSANDRA BALDINI  |  THURSDAY, 2 NOV 2023
... "We are pleased to be providing access to that market to Australian investors through the world's best mid-market direct lending platform in Morgan Stanley." Meanwhile, Morgan Stanley senior managing director Jacques Chappuis added the firm is pleased ...

NAB commits to $1bn of lending to boost First Nations businesses

CASSANDRA BALDINI  |  TUESDAY, 31 OCT 2023
NAB is ramping up its support of First Nations businesses, setting a $1 billion lending target over the next three years. The commitment will see NAB's funding of First Nations businesses and community organisations jump by 140% from its current ...

EG grows private wealth strategy

CHLOE WALKER  |  THURSDAY, 26 OCT 2023
... slowing down, as fund managers swoop in on the opportunities a rapidly rising interest rate environment presents. "As lending declines from the major banks, we have recognised a funding gap within the market," Walt said on the joint venture. "That's ...

Pepper Money launches SMSF loan offering

CASSANDRA BALDINI  |  MONDAY, 23 OCT 2023
... loans to self-managed superannuation funds (SMSFs) to purchase or refinance residential and commercial properties. With lending options up to $3 million, the 'super smart' loans are designed for SMSFs wanting to purchase or refinance an existing property ...

Alternatives to top $33tn by 2028

CASSANDRA BALDINI  |  WEDNESDAY, 18 OCT 2023
... to a gradual recovery in fundraising activity," he said. "Softer investor sentiment is creating opportunities in direct lending, secondaries, and real assets in particular. The longer-term fundamentals behind the growth of the private markets remain ...

RBA's multi-channel approach curbs inflation

ANDREW MCKEAN  |  THURSDAY, 12 OCT 2023
... availability of loans to households and funding for businesses shrinks via the credit channel. These higher rates pose heightened lending risks, particularly to borrowers with a lower net worth. For businesses, borrowing becomes costlier amid weaker ...

Pengana launches first global private credit fund

CHLOE WALKER  |  WEDNESDAY, 11 OCT 2023
... for the last 15 years," Richardson said. "Private credit has grown rapidly as global banks have retreated from corporate lending due to increasingly stringent regulatory requirements, providing one of the most compelling risk/return investments." According ...