Greater Newcastle Group

• Ian Rogers

Cost discipline is a characteristic too few mutual banks are known for, and nigh on impossible to deliver when boards are balancing pursuit of the greater goal of merging in the name of survival, with.. read more

• Ian Rogers

Any merger of Beyond Bank and Police & Nurses would create a mutual with close to $20 billion in assets, making it the fourth largest. The enlarged mutual bank will have around 450,000 members, wh.. read more

• John Kavanagh

Two new mutual banks, each with assets of more than A$20 billion, start trading today, with the official completion of the mergers of Newcastle Permanent Building Society and Greater Bank, and Heritag.. read more

An article in Monday’s edition of Banking Day, More mortgage lenders in runoff, stated that Newcastle Permanent Building Society’s home loan book was in runoff. This was incorrect. Newcastle Permanent.. read more

• John Kavanagh

Newcastle Permanent Building Society and Greater Bank members have voted in favour of the proposed merger of the two mutuals. read more

• John Kavanagh

Newcastle Permanent Building Society and Greater Bank opened the voting on their proposed merger yesterday, with members able to vote using a ballot paper included in an information pack, online or us.. read more

• John Kavanagh

Treasurer Jim Chalmers has approved two proposed mergers of mutuals – Heritage Bank with People’s Choice Credit Union, and Greater Bank with Newcastle Permanent Building Society. read more

• John Kavanagh

Newcastle Permanent Building Society has resorted to buying loans to generate growth in assets, as it tries to deal with an issue affecting a number of ADIs currently – deposit growing faster than loa.. read more

• Ian Rogers

Newcastle Permanent Building Society and Greater Bank may finally forge a merger, in the process forming the largest mutual bank in Australia with $19.8 billion in assets. read more

• Ian Rogers

The level of mortgages deferred “is reducing month on month” at Newcastle Permanent Building Society. read more

• Banking Day staff

At the sole remaining building society in Australia, the majority of board members are now female. read more

• Bernard Kellerman

Newcastle Permanent's annual results for FY2019, show the mutual's net after-tax profits dropped almost 20 per cent, compared to its prior FY2017/18 year. read more

• Banking Day staff

Bernadette Inglis, formerly with Westpac, will begin settling into her new role as CEO of Newcastle Permanent Building Society this morning. read more

• Ian Rogers

As term deposit interest rates tumble, Newcastle Permanent Building Society says it is ready to take on the big banks. read more

• Bernard Kellerman

Newcastle Permanent's annual result of A$43.8 million net profit after tax (as at 30 June 2018) was up 12.4 per cent on the prior year, courtesy of some of the best customer metrics in the retail bank.. read more

• Ian Rogers

Newcastle Permanent Building Society is looking like it will be the one and only ADI of its class left in Australia before long, with customers of Big Sky Building Society advised yesterday that it wi.. read more

• Bernard Kellerman

Newcastle Permanent Building Society's Chief Executive Officer, Terry Millett, has tendered his resignation after ten years in the role, out of a total of 13 with the organisation. read more

• Banking Day staff

Newcastle Permanent Building Society yesterday priced its first bond deal for the year. read more

• Bernard Kellerman

Last evening, after Australia's East Coast stock exchanges had closed for the day, Moody's Investors Service announced that it had downgraded the Baseline Credit Assessments, long-term ratings and Cou.. read more

• John Kavanagh

Newcastle Permanent's investment in its back office has helped it maintain above average growth in home lending, and it plans to maintain the momentum. read more