Business Lending

• Ian Rogers

While strange at first glance, the upswing in insolvencies in businesses dependent on mining is a function of broader stress from restrictive monetary policy. The May 2024 Business Risk Index from Cre.. read more

• Banking Day staff

CreditorWatch’s latest Business Risk Index reports a 48 per cent increase in B2B trade payment defaults over the 12 months to February read more

• John Kavanagh

Butn non-executive director Mike Hirst has resigned from the board, citing other commitments. He was the last remaining non-executive director on the SME finance company’s board. read more

• John Kavanagh

SME finance company Earlypay reported strong demand for invoice finance, as businesses look for ways to overcome cash flow problems, but it is being much more selective in the face of deteriorating cr.. read more

• John Kavanagh

Payments company QuickFee enjoyed substantial growth in its lending division in the December 2023 half, driving higher revenue and margins. read more

• John Kavanagh

The Australian Business Securitisation Fund has made its latest investment, committing A$225 million to a warehouse facility sponsored by SME lender Dynamoney. read more

• George Lekakis

Credit impairments and asset quality are on the slide at Judo Bank, inevitably. And now Judo has anointed Chris Bayliss as its new CEO, as Joseph Healy exits stage left. read more

• John Kavanagh

Finance company humm remains in a rebuilding phase, with the rationalisation of its product set that started a couple of years ago yet to be completed and a number of initiatives designed to revitalis.. read more

• John Kavanagh

Overall business credit demand fell in the December quarter, but asset finance applications were surprisingly strong, indicating that many companies are still investing. read more

• George Lekakis

Australian businesses are continuing to flee ING Bank after tolerating years of uncompetitive rates on savings and term deposit accounts. read more

• John Kavanagh

Macquarie Group is looking to reproduce the digital enhancements it has introduced into its personal banking business in its business banking operation, as it targets higher growth in that market. read more

• George Lekakis

ANZ will slash up to 170 jobs in its commercial banking division ahead of a restructure of business operations in the coming months. read more

• John Kavanagh

The number of actively trading businesses in Australia grew in the 2022/23 financial year, despite a big increase in business closures. read more

• John Kavanagh

Activity in Australia’s private debt market slowed markedly in 2023, with growth of 7 per cent in assets – down from 32 per cent in the previous year. read more

• John Kavanagh

Non-bank business lenders are finishing the year strongly, with a number of recent capital raising initiatives by lenders operating through managed investment schemes and a recovery in the securitisat.. read more

• John Kavanagh

Almost every industry suffered double-digit increases in the rate of business failure over the past year, with the biggest increases in external administrations in public administration and safety, he.. read more

• Banking Day staff

Warren McLeland, a former stockbroker and investment banker, has joined the board of BNK Banking Corp. read more

• Ian Rogers

ANZ is hanging its hat on the Australian Competition Tribunal agreeing that Bank of Queensland, Judo Bank, Bendigo and Adelaide Bank and Rabobank will provide meaningful competition in business bankin.. read more

• John Kavanagh

The government has ruled out investment in nuclear energy in its new green bond program, which will focus on renewable energy, energy efficiency (including home upgrades) and climate change adaptation.. read more

• John Kavanagh

With the agricultural sector accounting for 2 per cent of Westpac’s total committed exposures but a hefty 26 per cent of its financed emissions, the bank is working with the industry to develop tools.. read more