Latest Lending News

AMP Limited reported a robust first half of 2026, with statutory profit rising 57% to $154 million and underlying profit up 33%, driven by strong Platforms growth, positive cashflows, and a doubling of China partnership contributions.

REA Group Ltd (ASX:REA) posted a robust FY26 with revenue up 7% to A$1.793 billion and core net profit rising 15% to A$682 million, supported by record audience engagement and strategic AI investments.

Magnum Mining has reported robust rare earth element results from 92 new auger holes at its Piracanjuba North project in Brazil, confirming widespread mineralisation across multiple centres and accelerating its 10,000m drilling program ahead of schedule.

General Finance Limited has earned a credit rating upgrade to BB+ with a Stable Outlook from Equifax, reflecting robust loan book growth and strong financial discipline.

Credit Corp delivered a 12% profit rise to a record $105.5 million in FY2026, powered by a 57% surge in US debt buying earnings and a strategic entry into UK consumer lending.

Vitrafy Life Sciences reported an 80% revenue surge and halved its net loss, buoyed by US military validation and major blood network partnerships. A $32 million capital raise fuels its US commercial expansion and manufacturing scale-up.

ClearVue Technologies has developed a unique manufacturing capability allowing its Gen 3 Vision Glass to have soft high-performance Low-E coatings applied on surface 4, the optimal position for solar heat control, after photovoltaic cells are laminated. This breakthrough enhances thermal performance and expands commercial façade market access globally.

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.

Somerset Minerals reports standout surface rock chip assays from its Coppermine Project in Nunavut, with peak copper grades hitting 46.3% at Skye and 36.4% at Talisker, underpinning a district-scale opportunity as maiden drilling advances.

Daly Resources is aggressively advancing exploration across its 6,451 km² Northern Territory portfolio, highlighting ultra-high-grade fluorite at Huckitta and promising sediment-hosted copper-zinc targets with government-backed geophysical surveys underway.

Westpac has completed the $15.4 billion sale of its RAMS mortgage portfolio to a consortium including Pepper Money, KKR, and PIMCO, lifting its capital ratio and simplifying operations.

HSBC Bank Australia is selling its AUD36 billion home and personal loan portfolio to Blackstone affiliates, marking a significant step in winding down its Australian retail banking operations. The deal awaits regulatory approvals and is expected to close in early 2027.