Latest Bank Lending News

archTIS delivered a sharp step-up in revenue and recurring income after acquiring Spirion, but the stronger top line came with a $16 million loss and a formal warning over its ability to fund operations. The cybersecurity company now has until late October to extend or refinance a key lending facility.

Perpetual returned to statutory profitability in FY26 and lifted underlying profit and dividends, helped by Corporate Trust and cost savings. But the annual report also exposes the pressure points behind the recovery: $25.1 billion in Asset Management outflows, a $63.5 million TSW impairment and an uncertain Wealth Management sale.

Millennium & Copthorne Hotels New Zealand (NZX:MCK) reported a 12% revenue increase and a 58% rise in profit before tax for the first half of 2026, driven by hotel refurbishments and growing room availability despite softer property sales.

Pepper Money, alongside KKR and PIMCO-managed funds, has finalized the $15.4 billion RAMS home loan portfolio acquisition from Westpac, marking a significant step in expanding its capital-light servicing business.

Ovanti Limited has inked a four-year exclusive partnership with Yuno.trade, positioning itself as the payment processor and technology backbone for a new licensed prediction market platform targeting Southeast and Central Asia.

Perpetual Limited is set to acquire a majority stake in loan servicing technology firm Interfi Systems, enhancing its Corporate Trust division’s digital capabilities while targeting a 15% reduction in gross debt by June 2026.

Latitude Group Holdings has lodged a replacement prospectus for its Capital Notes 2 offer, revealing an increased offer size and updated margin following a completed bookbuild.

Latitude Group Holdings has finalised the margin and size for its Capital Notes 2 offer, setting a 4.15% annual margin and allocating $130 million following a successful bookbuild.

Challenger Limited has lowered its non-binding offer to acquire Pepper Money Limited, citing tougher market conditions. The revised price now stands at A$2.25 per share, down from A$2.60.

Pepper Money has received a non-binding indicative proposal from Challenger and Pepper Group to acquire 100% of its shares at $2.60 each, sparking exclusivity talks and due diligence.

Pepper Money has confirmed preliminary negotiations as part of a consortium aiming to acquire Westpac's RAMS portfolio, though no deal is assured.

Australian Finance Group Ltd (AFG) reported a robust 21% increase in net profit for FY25, driven by strategic broker network expansion and technology investments, while setting ambitious growth goals through FY29.