Powered by MOMENTUM MEDIA
subscribe to our newsletter
Bank tipped to acquire non-bank lender

Bank tipped to acquire non-bank lender

A listed Australian bank has confirmed it has held discussions with a leading non-bank lender following media speculation about a potential M&A deal.

In a trading update today, MyState's board of directors said the bank has consistently stated its growth ambitions and its desire to drive value for shareholders through acquisition and industry consolidation.

"MyState confirms that it has held discussions with a number of parties relating to possible acquisitions. MyState also confirms that it has held discussions with La Trobe Financial on a possible acquisition," it said. 

Advertisement
Advertisement

"At this stage no decision has been reached and there is no certainty that any transaction will eventuate. MyState will continue to keep the market fully informed in compliance with its continuous disclosure obligations."

More to come.

Bank tipped to acquire non-bank lender
mortgagebusiness

 

Latest News

Westpac and the Commonwealth Bank’s share of the third-party mortgage market has spiked, in contrast to sharp declines from NAB and ANZ, t...

A non-major lender has dropped its fixed mortgage rates, becoming the fourth lender to reprice its offerings over the past two weeks.   ...

The interest lenders earn on mortgages is expected to remain under pressure this year and next, according to Moody’s. ...

FROM THE WEB
podcast

LATEST PODCAST: What drops in fixed rates may mean for the mortgage market

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?