La Trobe Financial
Australian nonbanks' song remains the same
Every year, KangaNews hosts Australia’s leading nonbank lenders at a sector roundtable discussion – supported since 2019 by Natixis. In keeping with the unique circumstances of 2020, this year’s roundtable was conducted via videoconference. While market conditions have changed dramatically in the past 12 months, the sector is able to tell the same story of solid funding foundations and sound credit quality.
Cautious optimism turns nonbanks' minds to funding scale
As recently as 2023, the lingering impact of the term funding facility was making originating new mortgage volume highly challenging for Australia’s biggest nonbank lenders. In August 2024, KangaNews and Natixis CIB hosted sector leaders at a roundtable discussion in Sydney, finding that the conversation has moved back to managing growth – albeit while keeping an eye on a challenging economic situation.
Securitisation builds an audience for its diversity story
The Australian Securitisation Forum’s 2023 annual conference attracted a record number of delegates – well over a thousand attended – and offered its most wide-ranging agenda ever. The securitisation industry has navigated higher rates and increasing global uncertainty well to date, with record volume printing in 2023 and a notable uptick in collateral diversity. The road ahead may be tricky but the market is facing it with confidence.
Diverse Australian securitisation collateral a safe haven as volatility builds
The Australian dollar securitisation market has continued to offer issuance opportunities for originators of a wide range of collateral despite revived rates uncertainty and an uncertain geopolitical backdrop. Recent issuers from outside the prime mortgage sector note ongoing supportive liquidity, improving pricing conditions and a noteworthy level of domestic investor support.
Nonbanks ready to take advantage as new opportunities emerge
The annual KangaNews-Natixis CIB nonbank lender roundtable, which took place in Sydney in August 2023, came at an interesting juncture for the sector. Nonbanks have responded to a period of elevated competition in the mortgage market by diversifying their books, and the combination of new assets and robust performance in their core sectors mean participants are facing the future with optimism.
Nonbank issuer profiles and perspectives 2023
Key data and information on 33 nonbank lenders active in Australia and New Zealand including programme information, funding strategy, debt data and issuer insights.
nonbank Yearbook 2024
KangaNews's eighth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.
