Briefs: Chifley Securities lends $300m, ING points to decline in ATM use

Six months after its launch, non-bank commercial property lender Chifley Securities said it had written A$300 million in loans, and that its initial lending pool of $480 million had grown to $700 million. The lender has also claimed a network of 2,000 accredited brokers, with more than $2 million in broker fees passed on to the referrers. The company has also expanded its footprint in the broker market with the introduction of an extensive range of professional development programs. It said financing costs "range from 8.5 per cent" but did not nominate an upper limit.
ING Direct, citing research by RFi, ha argued that 42 per cent of customers never use a machine in a typical week, compared with just 20 per cent five years ago, the SMH has reported. The total number of monthly withdrawals from ATMs also fell to its lowest level in a decade earlier this year, with less than 60 million transactions, Reserve Bank data shows.