Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

Judo secures $350-million facility

The SME bank has signed a fully committed $350-million three-year debt facility with a global banking corporation.

Judo Bank has said that the fully committed $350 million from global banking corporation Citi will enable it to grow and deliver funding to more small and medium-sized enterprises (SMEs).

The co-founder and co-CEO of Judo Bank, David Hornery, said: “The fully committed funding line from Citi will provide Judo with additional secured funding, allowing us to further expand our loan services and build on our momentum nationally.

“It means we will be able to further bolster the depth and sophistication of our funding position, broaden our range of lending services, and continue to expand our national footprint.

“It also means that we will be able to reach even more Australian SMEs, who have for too long been ignored by the big incumbent banks.”

Advertisement
Advertisement

PROMOTED FEATURES


Mr Hornery added: “We would like to acknowledge the support and co-operation of Citi and our other partners, which will ensure further funding security for our customers.”

Judo’s existing bank funding lines now total around $1 billion of commitments, with the lender having so far granted loans to Australian SMEs totaling over $1.3 billion.

[Related: Judo Bank launches $400m capital raise]

Judo secures $350-million facility
mortgagebusiness

Reporter

If you have any news, ideas or enquiries for Mortgage Business - please contact This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Latest News

The federal government has unveiled a plan to overhaul responsible lending laws by shifting from a ‘lender beware’ model to a ‘borrowe...

Housing affordability pressures have intensified for first home buyers in five of Australia’s major capitals, who now require more time to...

ASIC has directed fund managers to do more to remain “true to label” after finding that funds labelled as cash had assets other than cas...

FROM THE WEB
podcast

LATEST PODCAST: How lenders are viewing the property price outlook

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.