Latest Lending News

ASB reported a modest 1% increase in cash net profit after tax for the half-year ending December 2024, underpinned by rising lending volumes and strategic investments in housing and fraud prevention amid New Zealand's gradual economic recovery.

The Commonwealth Bank of Australia has released its December 2024 Basel III Pillar 3 report, reaffirming strong capital adequacy and liquidity positions despite evolving regulatory frameworks.

Commonwealth Bank of Australia reported a 2.3% increase in cash NPAT for the half year ended December 2024, underpinned by disciplined lending growth and robust capital management. The bank maintained its leadership in customer engagement and digital innovation while navigating ongoing economic uncertainties.

Commonwealth Bank of Australia delivered a solid half-year performance with a 6% increase in net profit after tax and declared a fully franked interim dividend of $2.25 per share, underscoring resilience amid economic challenges.

Commonwealth Bank of Australia reported a robust 8% increase in net profit after tax for the half year ended December 2024, underpinned by higher revenue and disciplined credit management. The bank declared a fully franked interim dividend of 225 cents per share, reflecting confidence amid economic headwinds.

Light & Wonder, Inc. has amended its credit agreement to increase its revolving credit facility from $750 million to $1 billion, extend the maturity to 2030, and reduce interest margins based on leverage tests, enhancing its financial flexibility.

GTI Energy Ltd reports promising uranium leach test results from its Lo Herma project in Wyoming, demonstrating approximately 75% recovery rates consistent with regional ISR operations. These findings underpin the upcoming Scoping Study expected in H1 2025.

Garda Property Group has reaffirmed its FY25 income return at 7.2 cents per security and upgraded its distribution payout ratio to 95% of FFO. The group plans to sell its North Lakes industrial site for $114 million and is marketing its Cairns Corporate Tower, aiming to reduce gearing and reposition as a focused industrial REIT.

360 Capital Mortgage REIT (ASX:TCF) reported a robust HY25 performance, highlighting a forecast distribution yield of 10.2% and a successful $8.9 million capital raising that expands its loan portfolio and market presence.

360 Capital Mortgage REIT delivered robust half-year results with a 33% earnings upgrade and a strategic capital raise that lifted its market cap by over a third.

Savannah Goldfields Limited has launched a $14 million capital raising to fund the restart of gold mining operations at its Agate Creek and Georgetown projects, backed by cornerstone investors including Wes Maas.

Spenda Limited has reported a record-breaking quarter with cash receipts soaring 160% year-on-year and payment volumes more than doubling, signaling strong momentum as it advances toward profitability.