ME Bank looks to future growth

10 November 2014

Fairfax reports that ME Bank is pushing ahead with an aggressive plan to more than double the value of home loans it writes.

Chief executive Jamie McPhee said the bank wanted new mortgage settlements to increase from $3.8 billion last financial year to $8 billion in three years’ time. It plans to sell more loans by using technology and targeting a wider range of customers.

The ambitious plan comes after the bank’s loan book grew by 19 per cent in the year to June, mainly due to quick growth in home lending. Profits were also up 28 per cent to $47 million.

Read the full article, ME Bank aims for aggressive growth, The Age, 6 Nov

More ME Bank coverage

Brokers drive record results for ME Bank, The Adviser, 10 Nov

Non-major increases broker numbers by 426% in two, Australian Broker Online, 10 Nov