the adviser logo

Judo hits $1bn in loan originations

by Hannah Dowling10 minute read
Judo Bank

The challenger bank has surpassed $1 billion in loan originations, nine months after receiving its banking licence.

Judo Bank has announced that its loan originations for small and medium-sized enterprises (SMEs) has surpassed $1 billion, nine months after becoming a fully licensed SME challenger bank.

The Australian Prudential Regulation Authority granted Judo Bank with its licence to operate as an authorised deposit-taking institution (ADI) without restrictions in April 2019.

The lender-turned-neobank offers loans to SMEs starting from $250,000, as well as line of credit facilities, equipment loans and finance lease solutions.


According to Joseph Healy, the bank’s co-CEO, approximately 95 per cent of the funds loaned to SMEs has come from term deposits placed with Judo.

He added that the bank’s rapidly growing loan book highlights the extent to which SMEs struggle to get credit from traditional big banks.

“The big banks have claimed that their ability to lend to Australian SMEs has been hampered by tightening lending standards, arguing that there is a lack of demand for credit from small and medium-sized businesses,” Mr Healy said. 

“The fact that a challenger bank like Judo is able to lend over $1 billion to SMEs within nine months of receiving a banking licence debunks that particular claim.

“The truth is our major banks gave up on SMEs long ago, and this is reflected in the growing finance gap uncovered by our own research, which found that unmet credit had ballooned from $83 billion to $90 billion in the 12 months to September 2019. 

“As Australia’s first dedicated SME Bank, we’re here to help SMEs access the funding they need, when they need it, and we will continue to rapidly expand our loan book to ensure Australian SMEs have access to vital funding.” 

[Related: SME lender announces policy changes]

judo bank ta

Hannah Dowling


Hannah Dowling is a journalist for The Adviser and Mortgage Business.

Prior to joining Momentum Media, Hannah worked as a content producer for a podcast catering to property investors. She also spent six years working in the real estate sector at a local agency. 

Email Hannah at: [email protected]


Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more