Business Loans

ANZ wants to lend more to small business
Wednesday February 25 - ANZ has announced it will increase lending to small and medium businesses by $8 billion, equal to the total amount of new lending to SME's in 2008.
No more big rate cuts
Tuesday February 24 - The Reserve Bank governor has signalled that the central bank may wait and see the impact of recent rate cuts before making any new big rate cuts.
Shortfall on business lending rates
Monday February 23 - Some businesses are paying higher interest rates on loans and overdrafts than they were last year, before the Reserve Bank started to cut interest rates.
Aussie banks rake in profits
Sunday February 22 - Westpac is the world's most profitable bank according to a global survey by Boston Consulting Group. Westpac delivered a return on equity of 20.4 per cent in 2008.
Banks favour their own small business customers
Thursday February 19 - The bank margin on a loan to small business has increased by about 0.10 per cent as the banks have delivered less than 3 per cent on average in rate cuts to their small business customers as the RBA has cut by four per cent.

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