AFG appoints State Sales Manager for Queensland and the Northern Territory
After five years as a star performer within the AFG Home Loans business, Adam Barker has been appointed to the role of State Sales Manager for Queensland and the Northern Territory at AFG. AFG National Manager – Strategic Partners and Recruitment Them Lam announced the appointment to staff today. “By taking on the State Sales […]
AFG adds global award to trophy cabinet
Australian Finance Group has won a global award for the company’s bespoke broker learning development program and platform. AFG is one of three winners globally in the SAP Litmos ‘Lenny Awards’ in the category – Best Customer Training Program. SAP Litmos has over five thousand enterprise customers and 22 million users in more than 130 […]
RBA’s cash rate for December unchanged at 0.1%
After a challenging year, the RBA has met for the final time in 2020 and decided to leave the cash rate unchanged.
Record-breaking quarter for AFG brokers
(ASX:AFG) The AFG Index released today shows another period of growth for AFG brokers to close out the first quarter of the 2021 financial year. More than 35,400 residential loans were lodged, with volume surpassing $18 billion for the quarter, eclipsing last quarter’s record-breaking levels. AFG CEO David Bailey explained the results: “The first quarter […]
AFG Securities introduces new, fairer clawback structure
AFG’s in-house lending division AFG Securities has today announced a fundamental change to its clawback structure that further enhances compliance and fairness for AFG’s 2,975 brokers. AFG Securities is the funder behind the AFG Retro and AFG Link products. AFG Securities’ General Manager Damian Percy explained the new structure and how the company arrived at […]
RBA cash rate for September remains unchanged at 0.25%
The Reserve Bank of Australia has today kept the cash rate at 0.25% for the sixth straight meeting in a row. The RBA will be closely monitoring the impact of the COVID-19 shutdown in Victoria and uncertainty surrounding the pace of a national recovery. It has previously stated that it sees a cash rate of […]
Australian Finance Group Ltd annual results
Australian Finance Group Ltd (ASX: AFG) today announces the delivery of a very successful full year operating result driven by growth in every division of the company. AFG reports net profit after tax of $38.1 million for the full year to 30 June 2020, a 15.3% increase year on year. AFG CEO David Bailey said […]
RBA’s cash rate for August remains unchanged at 0.25%
As expected, the Reserve Bank of Australia kept the cash rate at 0.25% at its meeting today as the country continues to deal with the COVID-19 pandemic. The RBA, conscious of reductions in consumer spending, further falls in house prices and the flow on economic impact of stage four restrictions in Victoria, has consistently stated […]
Australian Finance Group completes $700 million RMBS issue
Australian Finance Group Ltd (ASX: AFG) has successfully priced its largest transaction to date, completing a $700 million AFG 2020-1 Trust Residential Mortgage Backed Securities (RMBS) issue. AFG Chief Executive Officer David Bailey welcomed the successful transaction at a time of dislocation in the market brought about by the COVID-19 pandemic. “The strong support we […]
RBA’s cash rate for July remains unchanged at 0.25%
The RBA has announced that the cash rate will remain unchanged for July with the rate remaining at 0.25%. The RBA is mindful of rising concerns around unemployment post-JobKeeper, falls in housing and home loan approvals, decreasing property values and decreasing credit growth. The RBA maintains the stance that negative interest rates are not the […]
