Australian Non-Bank Lenders Should See Credit Growth Outside of Mortgages -- Market Talk

Dow Jones2023-12-18

2305 GMT - Australian non-bank financial institutions should see credit growth in areas outside of mortgages, say Citi analysts in a note. But these areas, which include asset financing, are likely to be accompanied by strong price competition, and may not boost revenue much, adds Citi. This comes amid positive signs for earnings of NBFIs in recent months, including resilient system growth and stabilizing cost of funds. Citi stays neutral on the sector, as mortgage competition still persists. It prefers Pepper Money, over Resimac, Liberty and Australian Finance Group. (alice.uribe@wsj.com)

(END) Dow Jones Newswires

December 17, 2023 18:05 ET (23:05 GMT)

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