Former Ubank COO brought in to scale SME lender’s operations across Australia, New Zealand
Company's pre-tax profit turns positive in H1 2024, offsetting the previous period's loss
Deal worth $15.6 million
The lender also made strategic investments for long-term growth and increased its loan loss provision, CEO says
Big growth in loan originations, customers
Up 52% to $732.8m in last financial year
Small business demand boosts annual results
Loan originations up 42% year-on-year
With the new coronavirus pandemic sweeping the globe, the RBA and the government have been putting measures in place to support continued lending and ready the economy for a tough year
The RBA and government made announcements yesterday
