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Category: Banking

Renown Lending Secures $200M in Funding to Support Homebuilders Across Australia

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Fast, Flexible Construction Finance for Developers and Builders Renown Lending, a leading private lender in Australia, has secured $200 million in funding to help home builders and developers access fast, flexible construction finance. Recognising the urgent need for alternative funding solutions, Renown Lending is committed to ensuring that projects can proceed without the bottlenecks associated … Continued

Rabobank support measures for farming clients impacted by ex-Tropical Cyclone Alfred

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Agribusiness banking specialist Rabobank has advised of a range of measures it has in place to support farming clients whose operations are adversely impacted by ex-Tropical Cyclone Alfred.   Rabobank Group Executive Country Banking Marcel van Doremaele said while the weather event had resulted in severe weather conditions across south-eastern Queensland and northern New South … Continued

Media Statement from Far East Consortium (FEC)

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Media Statement from Far East Consortium (FEC)   The Star to exit its 50% ownership of Queen’s Wharf Brisbane to preserve continuity of this world-class integrated resort and approx. 2,700 jobs   8 March 2025     FEC together with its joint venture partner Chow Tai Fook Enterprises (CTFE) (together the JV Partners) today entered into … Continued

New Banking Code of Practice takes effect

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The new Banking Code of Practice comes into effect today, marking an important milestone in the industry’s commitment to providing important protections for customers. The updated Code, which was approved by ASIC in June 2024, strengthens protections for customers in certain areas, particularly for people experiencing vulnerability, and reinforces the commitment of banks to responsible … Continued

Bahrain EDB Attracts Over USD 380 Million in Investment Commitments from Singapore

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SINGAPORE, SINGAPORE / ACCESS Newswire / February 25, 2025 / The Bahrain Economic Development Board (Bahrain EDB) has secured over USD 380 million in investment commitments from Singapore-based companies, since the launch of Bahrain EDB office in Singapore in November 2023, across a number of priority sectors, namely financial services, ICT, manufacturing, and tourism. Marking … Continued

Rabobank announces 0.25% cut in variable base rate for rural loans

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Rabobank Australia has announced it will reduce the variable base rate on its rural loans by 0.25% per annum, effective February 28, 2025.   Rabobank group executive for Country Banking Australia, Marcel van Doremaele said the bank was pleased to be able to pass on the full 0.25% rate reduction to its Australian rural lending … Continued

Economics Committee releases report on the four major banks

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The House Standing Committee on Economics has released its report on Australia’s four major banks, concluding a series of annual public hearings throughout the 47th Parliament with executives from CBA, Westpac, ANZ and NAB. These hearings are a key part of the Committee’s long-standing role in scrutinising the major banks, a practice upheld since the 45th Parliament. Chair of the … Continued

New Chair appointed for the Customer Owned Banking Code Compliance Committee

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The Customer Owned Banking Code Compliance Committee (COBCCC) welcomes the appointment of Ms Danielle Press as its new Chair. Ms Press is currently Chair and Non-Executive Director of Insignia Financial Trustees, and brings extensive experience in financial services, corporate governance, and regulatory oversight to her new role with the COBCCC. She has held executive leadership … Continued