Defence marches to own tune

Defence Bank reported what it called “its best result yet” for FY2021, a net profit of A$13.9 million, a rise of 38 per cent. read more

Volt charges for neobank relevance

A sedate ramp up of its balance sheet and a pacier roll out of services to ambitious fintech partners with a belief in white-labelling banking product are factors shaping Volt Bank’s viability in Aust.. read more

Gender divides and divides finance

There is “still much to do until we reach a place of gender parity in our industry” is the realistic but bitter summary of FINSIA’s latest edition of its Gender Divide Survey. read more

G&C hit the high notes

G&C Bank, one of the faster growing banks in the country, is maintaining momentum over the first quarter of the year, with annualised mortgage growth over the September quarter of close to 22 per.. read more

Us and them rule Tasmanian banking

Bank of us is right where it wants to be, growing at 10 per cent, hitting an ROA of 0.5 per cent in FY2021 and sitting on a near record full year profit of A$6.1 million. read more

ANZ on BNPL quest

ANZ will be underway on the buy now, pay later bandwagon, some time in the first half of next year. read more

Deferral data flag-bearer for macroprudential

The two-months’ worth of much anticipated industry data on loan deferrals produced by APRA late yesterday can only add to the belief there will be an early shift to macroprudential controls on bank le.. read more

RBA upends monetary mechanics

‘Open market operations’ such as reverse repos will now be conducted weekly – on Wednesdays – with banks by the Reserve Bank of Australia. The new system kicks in next week, on 6 October. read more