Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

St George pulls personal loans

Staff Reporter 1 minute read

St George Bank has withdrawn its personal loans from the broker channel as part of a recent review of its intermediary distribution market.

Effective this Friday May 22 brokers will no longer have access to St George personal loans.

Steven Heavey, St George general manager of intermediary distribution, said St George’s core strengths were in the home ownership and wealth building segments and these would become the key areas of focus for the bank’s intermediary channels.

“Our strategic objectives will continue to focus on these segments, where we have a proven ability to acquire new customers and establish deep ongoing relationships with those customers,” he said.

Intermediary distribution would remain a “key player” for St George, the bank said, and it remained “strongly committed to the mortgage broker community”.

Advertisement
Advertisement

 

St George pulls personal loans
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
court gavel ta Lending officer sentenced for giving misleading information

A former lending officer has been sentenced in court after pleadi...

fingerprint VOI rule changes postponed due to COVID

ARNECC has advised that it has reassessed its proposed amendments...

approval stamp documents ta Bank automates pre-approval process

A non-major lender has announced changes to its pre-approval proc...

FROM THE WEB