MyState and Auswide terms ‘reasonable’ 24 October 2024 7:02AM Latest news Ian Rogers MyState’s offer for Auswide Bank are reasonable, corporate advisory firm Kroll has concluded. read more
MyState, Auswide do the decent thing in dire times 20 August 2024 6:23AM Latest news Ian Rogers The union of MyState and Auswide is high conviction, high value and highly likely to work out for the best. read more
MyState and Auswide forge merger 19 August 2024 1:14AM Latest news Ian Rogers MyState Limited and Auswide Bank have reached agreement on a merger, the AFR’s Street Talk column reports. read more
Deposit mix key to banks managing rate cuts 16 April 2024 4:59AM Latest news John Kavanagh Deposits are 'key differentiators of profitability' and banks’ ability to manage their deposit mix will be important to their earnings when rates start to fall. read more
MyState lacks the wow factor 18 September 2023 5:05AM Latest news Ian Rogers For the second year in a row, the board of MyState Limited has elected to pay zero short-term bonuses to senior executives. read more
MyState breaks out a record FY23 profit 21 August 2023 7:18AM Latest news Bernard Kellerman MyState’s strategy to accelerate growth and create scale by growing market share in deposits, lending and funds under management saw it report a 33 per cent uplift in new customers in the past 12 mont.. read more
MyState results at a glance 21 August 2023 7:14AM Latest news Bernard Kellerman MyState’s after-tax profit of $38.5 million was a sweet result for CEO Brett Morgan, presenting his first MyState full year results since stepping into the role from January 2022. read more
MyState rallies on bullish profit update 20 October 2022 6:04AM Latest news George Lekakis Hobart-based financial services provider MyState Limited is on track to record bumper earnings in 2023 after posting an unaudited 41 per cent leap in bottom line profit for the September quarter. read more
Majors mind margins, shed deposit share 04 October 2022 5:40AM Latest news Ian Rogers Macquarie Bank, MyState Bank and Judo Bank are winners in the deposit market, as margin-minded big banks concede market share. read more
Briefs: GST for NZ fund management fees, digital boffin joins Bendigo and Adelaide board, MyState hy 31 August 2022 5:30AM Latest news Banking Day staff The NZ Government has quietly introduced plans to extend the GST net to include KiwiSaver and other funds management fees. read more
MyState enters hybrid market 24 August 2022 6:09AM Latest news John Kavanagh MyState Ltd has priced an issue of capital notes, its inaugural issue of additional tier 1 capital, raising A$65 million. read more
MyState maintains push for growth 16 August 2022 6:09AM Latest news John Kavanagh MyState Ltd continued to invest in distribution capacity, brand and marketing in 2021/22 as it pursued its strategy of creating scale. read more
Depositors get a look-in at last 10 June 2022 5:34AM Latest news John Kavanagh Depositors missed out on substantial rate increases in May, when the Reserve Bank raised the cash rate 25 basis points, but this month’s 50 bps hike is prompting a more generous response from deposit.. read more
Briefs: Money3 secures growth funds, MyState increases deposit rates 09 June 2022 5:24AM Latest news Banking Day staff Automotive finance specialist Money3 has secured a 60 per cent increase in the warehouse facility for one of its business units, Automotive Financial Services, taking it to A$190 million. read more
Briefs: MyState chair retires, TD rates rise 100 bps 31 March 2022 6:02AM Latest news Banking Day staff MyState Ltd chair Miles Hampton is stepping down after nine years in the role, making way for Vaughn Richtor to take over next month. read more
MyState’s big investment spend pays off 21 February 2022 6:25AM Latest news John Kavanagh MyState Bank’s investment in its distribution capability paid off during the December half-year. read more
MyState targets commercial lending growth 26 November 2021 6:10AM Latest news John Kavanagh TPT Wealth, the investment management arm of MyState Ltd, is planning a “major expansion” of its commercial lending business. read more
MyState moves a step closer to digital only banking 04 November 2021 6:31AM Latest news Bernard Kellerman MyState Bank is making further progress on CEO Melos Sulicich's plans to increase digital-only services with a further mobile and internet banking upgrade underway. read more
Briefs: ING ‘takes over’ MyState, RBNZ reviews overseas bank branches, Novatti makes offshore acquis 21 October 2021 6:13AM Latest news Banking Day staff A week after announcing the appointment of a new chief executive, the MyState Ltd board has announced a new chair. read more
Branch closures no hindrance to growth 23 August 2021 6:11AM Latest news John Kavanagh Branch closures during the 2020/21 financial year have not had any impact on MyState Ltd’s ability to source new business. read more