Small business lending scrutinised

The Senate Economics Reference Committee’s inquiry into small business access to finance found that the supply of finance to small business had tightened over the [...]

POSTED ON July 16, 2010
SME borrowers report tighter loan rules

Half of all SMEs are paying between eight and 10 per cent for secured finance. According to Fujitsu’s SME market profit model, lenders are making [...]

POSTED ON July 8, 2010
Inquiry into small biz lending coming soon

The Opposition Leader Tony Abbott yesterday announced the Coalition would push for a Senate inquiry into restrictive lending practices by banks on small business financing.“There [...]

POSTED ON December 18, 2009
St George: Bank of the year

St.George reported strong customer metrics for the year ending June 2009, retaining its comfortable lead over the majors on both customer satisfaction (76.6 per cent [...]

POSTED ON November 16, 2009
100 new bank branches this year

The number of bank branches has increased for the eighth consecutive year, according to a survey released today by the Australian Prudential Regulation Authority (APRA).Over [...]

POSTED ON November 13, 2009
Rates heading up says Commbank

The Commonwealth Bank expects official interest rates to be 4.5 per cent within one year and will not rule out raising rates on its own [...]

POSTED ON November 12, 2009
Mecu wins awards and happy customers

mecu, one of Australia’s largest credit unions, was one of the very few Australian financial institutions to report an increase in profit this year. mecu’s [...]

POSTED ON November 12, 2009
Credit costs to go up under new rules

The cost of credit and loans to consumers will rise if the Australian government adopts new global rules governing bank liquidity say the Commonwealth Bank."I [...]

POSTED ON November 12, 2009
Credit unions delivering better deals

More than 4.3 million Australians are members of a credit union or mutual building society. “Mutual financial institutions offer Australians a better banking deal with [...]

POSTED ON November 11, 2009
Banks slug small business

Interest rate margins on small business loans have increased greatly over the last two years. In 2007 loans to small and medium sized businesses from [...]

POSTED ON November 11, 2009