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A $5 million tax refund turned an operating loss into a profit for junior debt collector Repcol Limited. The firm reported a net profit after tax of $3.4 million for financial year 2008, compared to a.. read more

Australian Central Credit Union increased revenue for the 2008 financial year by14 per cent to $240 million, but tighter margins caused net profit for the year to remain flat at $12 million. read more

ThinkSmart yesterday announced a $2.2 million interim profit for the six months to June 2008, with the doubtful and bad debt expense up 600 per cent. read more

Term deposit rates at many financial institutions have been cut in recent weeks as money market rates have fallen across the curve. read more

The chronic underperformance of debt collector Credit Corp Group during the 2008 financial year appears to be subsiding. read more

The flight to quality of Australia's residential borrowers appears to be gaining pace, with Commonwealth's residential lending book increasing by $13.7 billion in the half to June and $9.4 billion in.. read more

Wollongong-based building society IMB Banking & Financial Services recorded an eight per cent increase in net profit to $21.6 million for the 2008 financial year. The bank outlined highlights in a.. read more

BankWest took a punt in early May 2008 by offering an 8.5 per cent promotional rate for new deposits of up to $5 million for the online savings account the TeleNet Saver, a rate valid until the beginn.. read more

In late 2006 Keybridge Capital Limited changed its business focus to become an investor in transactions of asset classes that include property, aviation, shipping and infrastructure.At the time the ma.. read more

The mortgage industry may be showing tentative signs of improvement with Australia's largest broker Australia Finance Group reporting sales in July 2008 were 17 per cent up on June. read more