Australia’s NAB cash profit falls 6% as loan repayments crawl – National Australia Bank Ltd reported a 6.1% drop in quarterly cash profit as it increased provisions to cover coronavirus-led loan losses, and said less than a fifth of the customers it contacted …
Online P2P lender Robo.cash claims it’s still profitable, despite COVID-19 related issues, and is preparing for IPO in Dec …
Homeowners who decide to fix the interest rate on their home loan now can lock … on mortgages after the cash rate peaked at 7.75 per cent. The Reserve Bank of Australia (RBA) slashed official …
The fragility of Australia’s economy has been laid bare as the biggest home lender revealed the cost of troubled loans had doubled … Consequently, CBA’s cash net profit after tax plunged by …
while workers have moved retirement savings into cash early. This has allowed Australian banks to fund loans with less debt while driving bank funding costs lower – which helps offset the hit to …
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