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Innovation

Heritage profits down despite loan, deposit growth

The customer-owned bank has recorded a 5 per cent decline in its profit after tax despite growth in both loan approvals and deposits.

mortgagebusiness
Heartland earnings bolstered by reverse mortgage growth

The financial services group has reported strong growth in its Australian reverse mortgage book, helping to list its market share to 26 per cent.

Heartland earnings bolstered by reverse mortgage growth
BNK sees settlement growth across channels

The diversified banking business has reported strong settlement growth in its direct lending channel, while total banking and wholesale settlements showed marginal growth.

Growth
MPs delay passage of Business Growth Fund

The federal Labor opposition has resisted the federal government’s push to legislate the Business Growth Fund after what MPs have described as a “woefully inadequate” consultation process

MPs delay passage of Business Growth Fund
Lack of cash rate ammunition to ‘constrain’ GDP growth

Australia’s annual rate of GDP growth is set to continue floundering over the coming decade, compounded by a lack of monetary policy support, according to ANZ Research.

Decline
Former APRA curbs still a ‘strain’ on credit growth

The prudential regulator’s former curbs on interest-only lending will continue to serve as a “drag” on housing credit growth, despite being scrapped over a year ago, according to ANZ ...

ANZ
‘Cautious’ borrowers stunting credit growth

Annual housing credit growth has slowed to its lowest level on record, according to an analysis of the latest data. However, the slump is “not inconsistent” with the rebound in the housing ...

credit growth
Should surplus trump domestic growth?

As the RBA struggles to hit its inflation and unemployment targets, and unconventional monetary policy looms, the debate wages over whether or not the federal government should be stepping ...

Money
New capital framework for business growth fund investors

Banks and financial institutions contributing to the Australian Business Growth Fund will be able to apply a new risk weight to their investment, according to APRA.

Growth
Sydney sees largest price growth since 1988

CoreLogic data has revealed that Sydney dwelling values increased by 2.7 per cent between October and November 2019, the largest month-on-month gain in 31 years, contributing to the largest ...

Price growth
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