Latest Lending News

National Australia Bank’s first quarter update reveals a modest 2% dip in cash earnings despite a 3% revenue increase, as credit impairment charges and expenses rise. The bank’s refreshed strategy and strong capital position set the stage for cautious optimism.

MyState Limited has finalized its merger with Auswide Bank, positioning the combined entity for significant cost savings and earnings growth while maintaining strong capital and customer metrics.

MyState Limited has reported a stable underlying net profit of $17.5 million for the half-year, maintaining customer growth and a robust capital position as it prepares to merge with Auswide Bank.

MyState Limited reported a modest revenue increase but an 8.9% decline in statutory profit for the half year ended December 2024, while declaring a fully franked interim dividend. The company is set to complete a transformative merger with Auswide Bank, aiming for earnings accretion from FY26.

humm Group Limited has reported a strong turnaround with a $27.3 million net profit for the half-year ended December 2024, reversing last year’s loss and announcing a higher fully franked interim dividend.

Resimac Group reports a 12% decline in normalised net profit after tax for 1H25, driven by increased provisioning in its asset finance portfolio, while operating profit rises 20%. The lender signals challenges ahead but remains confident in its core business momentum.

Golden Horse Minerals has reported outstanding initial assay results from Phase 1 drilling at its Hopes Hill gold project, highlighting wide, high-grade mineralisation and reinforcing the project's flagship status.

Environmental Clean Technologies Limited (ECT) has raised $750,000 through a two-tranche placement to fund its innovative COLDry Fertiliser Project and pursue strategic acquisitions, alongside key board changes.

HMC Capital has reported a record half-year financial performance for 1H FY25, driven by explosive growth in private equity and digital infrastructure platforms, alongside ambitious fundraising initiatives in energy transition.

Challenger Limited reported a robust 12% increase in normalized NPAT to $225 million for 1H25, underpinned by strong earnings, dividend growth, and strategic investments in technology and distribution channels.

Heartland Group Holdings reports a sharp rise in impairment expenses to $49.6 million for its New Zealand banking arm, driven by worsening economic conditions. Despite this, the bank remains well capitalised and expects to maintain dividend payments.

Judo Capital Holdings Limited has released its Basel III Pillar 3 report for the half year ended December 31, 2024, revealing a robust capital position and detailed credit risk exposures that exceed regulatory transparency requirements.