Banks embrace 'high-risk' borrowers.

Australasian Business Intelligence,  May, 2006  

Tags: bank

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Byline: Marc Moncrief

May 30, 2006 (The Age - ABIX via COMTEX) -- Some Australian banks are extending more credit to customers usually regarded as higher risk. On 31 May 2006, the ANZ Bank will launch a micro-credit loan, developed in association with charity, Brotherhood of St Laurence. In April, National Australia Bank launched a $A30 million program with charity, Good Shepherd, offering low-interest and no-interest loans. On 30 May, Gail Kelly, CEO of St George Bank, indicated that the bank may lift its percentage of low-documentation loans from six per cent to ...

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