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Thursday, 10-Oct-2013 03:19 Email | Share | Bookmark
Nab Raises Cost Of Some Business Loans

Natixis Said to Consider Hiring for Loan Business in Australia

NAB will increase the liquidity margin that applies on some of its business loans by 20 basis points, from July 30. The bank says the liquidity margin only applies to some market-linked loans that are targeted primarily at mid to large businesses which want to access funding for short periods. NAB says the vast bulk of its small business customers will not be affected by the increase, because they generally use variable rate loans. In an indication the spectre of independent rate rises by the banking sector more broadly has not gone away, NAB says the liquidity margin increase has been driven by rising funding costs. The bank says the interest rate on term deposits is at an all time high relative to the Reserve Bank's cash rate, and that its wholesale funding costs also remain high. NAB's group executive business banking Joseph Healy says the bank wants to keep customers informed about the funding pressures. "NAB is committed to being transparent about our funding costs and explaining the portion of our customers total rate that is attributed to cost of funds," he said in a statement. <br>For the original version including any supplementary images or video, visit

The lender is looking to hire people in leveraged and project finance-related roles in the country, the people said, asking not to be identified because the details are private. Isaure Gruffaz, a Paris-based spokeswoman for the bank , declined to comment on any hiring plans. Natixis is considering the boost in lending activity as Lloyds Banking Group Plc, Britains biggest mortgage lender, tries to sell its unprofitable Australian business. Westpac Banking Corp. (WBC) , National Australia Bank Ltd. and Macquarie Group Ltd. have made bids for the assets in Australia , two other people familiar with the matter said this week. In January last year, Natixis closed its Australian origination activities in project and acquisitions finance, according to documents filed with the Australian Securities & Investments Commission. <br>For the original version including any supplementary images or video, visit

A new system for business loans in Palau | Pacific Beat

And now people can get a loan if they've got a motor vehicle or a tractor or something like that. Will this open up a whole new audience of people who'll be able to get loans? REID: Eh, certainly. I think in countries where they've adopted similar types of systems, we see a steady increase in the numbers of security interests over movable property that are actually recorded. So it does provide a significant opportunity, subject, of course, to all the other variables that, or the other factors that lenders take into account when providing finance. RICE: So does this then lead to more business, do you think? REID: Well, that's the hope, a greater ability for businesses to borrow money and leads to greater growth, greater jobs etc. RICE: You say it's been put on the internet. Is that part of the reason why it's more attractive to banks that they can actually access all the information and see it plainly in public view? REID: Yes, absolutely, and it lowers the transaction cost, not only for the lender, but certainly for the borrower. <br>For the original version including any supplementary images or video, visit

Australian Central Savings & Loans now People's Choice

No Cookies To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Enabling Cookies in Internet Explorer 7, 8 & 9 Open the Internet Browser Click Tools> Internet Options>Privacy>Advanced Check Override automatic cookie handling For First-party Cookies and Third-party Cookies click Accept Click OK and OK Click Tools>Options>Privacy<Use custom settings for history Check Accept cookies from sites Check Accept third party cookies Select Keep until: they expire Click OK Enabling Cookies in Google Chrome Open the Google Chrome browser Click Tools icon>Options>Under the Hood>Content Settings Check Allow local data to be set Uncheck Block third-party cookies from being set Uncheck Clear cookies Enabling Cookies in Mobile Safari (iPhone, iPad) Go to the Home screen by pressing the Home button or by unlocking your phone/iPad Select the Settings icon. Select Safari from the settings menu. Select 'accept cookies' from the safari menu. Select 'from visited' from the accept cookies menu. <br>For the original version including any supplementary images or video, visit

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