The SME lender has bolstered its profit margin by 17.4 per cent, driven by a $2 billion rise in turnover.
The fintech has announced the opening of its first Australian office in Sydney, with its sights set on the nation’s underserved SMEs.
Publicly listed non-bank lender FlexiGroup Limited reported a $4.8 million year-on-year decline in net profit in the 2018 financial year.
Approximately two-thirds of Australian businesses do not feel prepared for technology-driven globalisation, according to new research from Commonwealth Bank.
The major bank has reported an increase in its underlying revenue over the third quarter of 2018, citing “good growth in SME lending”.
Business confidence rose in July, but the weakest levels of confidence were reported in NSW and Victoria despite their strong economies.
Moody’s Investor Service has provided top definitive ratings to $255 million of Liberty Financial’s latest residential mortgage-backed securities (RMBS) issue.
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