Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Aggregator

PLAN acquisition boosts Challenger's loan book

3 minute read
The Adviser

Challenger Financial Services Group’s mortgages under administration and advice rose to $68.150 billion in the September quarter it announced in an update to the ASX yesterday.

This compared to $26.263 billion in the June quarter and was the result of its acquisition of the remaining 85 per cent of PLAN.

In contrast, Challenger’s own mortgages under management fell by 4 per cent during the quarter to $20.8 billion.

The lender said this reflected a “continued strategy to lower volumes while the outlook for term funding markets remained constrained”.

Published: 21-10-08

Today's other news

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits