, which will move the system from a "lender beware" model and put the onus on "borrower responsibility" by removing checks and balances in credit applications.The bank’s $100 million capital investment had also contributed to the growth in home loans, with better technology reducing the approval rate for home loans from five days to one.
Mr Frazis said he supported the need for border closures, predicting "dire consequences" if virus numbers started climbing again. However, he acknowledged small- and medium-sized businesses would be helped by the relaxation of travel restrictions. "Obviously, the more we get to an increased normal in terms of activity, the better for all players."
BoQ announced plans to sell its consumer credit and life insurance business, St Andrews, for a post-tax loss of between $27 and $30 million, in what Mr Frazis described as an "important milestone" for the bank.
CharlotteGriev1 Let’s get them levered up as much as possible. Debt is good.....