Latest Banking News

Harmoney has secured a $15 million revolving debt facility from a major Australian bank, refinancing its previous loan at a significantly lower margin and underpinning future growth.

Aguia Resources is advancing steadily towards mining commencement at its Três Estradas phosphate project in Brazil, with key infrastructure completed and sales agreements signed for its PAMPAFOS™ fertilizer product.

Bendigo and Adelaide Bank reveals a strategic acquisition of RACQ Bank’s retail portfolio and outlines a comprehensive AML remediation plan, positioning itself for growth and enhanced operational resilience.

Bendigo and Adelaide Bank has agreed to acquire RACQ Bank’s retail lending assets and deposits, expanding its customer base and enhancing geographic diversity. The deal is expected to be accretive to earnings and align with the bank’s 2030 return targets.

Lefroy Exploration has officially started mining operations at its Lucky Strike Gold Deposit near Kalgoorlie, with first ore expected by late December and gold production targeted for March 2026.

QPM Energy Limited has announced a $30 million equity raise to support the development of its Isaac Power Station, advancing toward a final investment decision in March 2026 and commissioning by mid-2027. The funding package, complemented by a $113.7 million lease agreement and a $40 million convertible note, underpins a project poised to strengthen Queensland’s energy transition.

QPM Energy has raised $30.3 million through an oversubscribed share placement and signed a $40 million convertible note term sheet, paving a clear funding path for its 112MW Isaac Power Station project.

Westpac Banking Corporation confirms a fully franked final dividend of AUD 0.77 per share, alongside detailed Dividend Reinvestment Plan pricing and foreign currency payment options for shareholders.

ANZ Group Holdings Limited has announced its 2025 final dividend of 83 cents per share, partially franked at 70%, with options for dividend reinvestment and payment in multiple currencies.

Vulcan Energy Resources has locked in full financing for its Phase One Lionheart project, marking a pivotal step toward producing carbon-neutral lithium hydroxide in Germany by 2028. The €2.2 billion package combines debt, equity, and government grants, underpinning robust project economics and strategic partnerships.

Vulcan Energy Resources has locked in a €2.2 billion financing package to fully fund Phase One of its Lionheart lithium and renewable energy project in Germany, marking a pivotal move from development to construction. The project aims to supply Europe with low-carbon lithium for electric vehicle batteries alongside renewable power and heat.

Talga Group has applied for a SEK 1.1 billion grant to fund a commercial-scale battery anode plant in Sweden, complementing existing EU funding and securing strong customer interest.