Latest Lending Platforms News

Westpac Banking Corporation reported a 6% rise in net profit for the first quarter of 2026, underpinned by strong capital ratios and ongoing transformation initiatives. The bank’s strategic focus on customer service and operational efficiency signals a confident outlook amid evolving market conditions.

Garda Property Group has upgraded its FY26 earnings guidance by 10%, reduced gearing to 20.8%, and outlined ambitious plans to expand its Brisbane industrial portfolio and lending operations.

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.

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.

Solvar Limited has sold its New Zealand arrears loan book for NZ$8 million, accelerating its exit from the NZ market and announcing a special fully franked dividend for shareholders.

Bendigo and Adelaide Bank reported steady cash earnings in 1Q26, supported by improved net interest margins and deposit mix, while residential lending contracted amid competitive pressures. Strategic technology rollouts promise growth in the second half.

National Australia Bank reported a 1.2% revenue increase to $20.872 billion in FY25, while net profit dipped 2.9% to $6.759 billion. The bank highlighted progress in customer-centric strategy, technology modernization, and sustainability initiatives.

MA Financial Group has reported a surge in assets under management and loan book growth alongside a major $525 million property acquisition, signaling robust momentum across its financial services divisions.

Beforepay Group has reported a record quarterly profit nearly doubling last year’s figure, driven by strong advances growth and strategic AI partnerships enhancing its lending platform.

Beforepay Group Limited reported a robust 74% jump in net profit for FY25, driven by stronger advance volumes, improved credit quality, and expanding user base. Its AI-powered lending division, Carrington Labs, accelerated growth with new clients and strategic partnerships.

Bendigo and Adelaide Bank reported an 11% rise in customers and a 6.6% increase in deposits for FY25, while statutory earnings were weighed down by a significant goodwill impairment charge.

Bendigo and Adelaide Bank reported a $97.1 million net loss driven by goodwill impairment but maintained a stable dividend and strong customer growth, while unveiling a strategic plan targeting sustainable growth and operational efficiency through 2030.