$700 million a month for non-banks

Non bank lenders such as Aussie Home Loans and RAMS are closing in on traditional banks as they estimate their monthly business at $700 million. John Symond, managing director for Aussie Home Loans predicts business will double in five years from $9 billion to $20 billion.

‘Non-banks writing $700m a month’, Alison Kahler, The Australian Financial Review, 12/05/00, p 90.