In this Q&A, head of sales Danny Tuttlebee explains how Resimac Asset Finance has the same focus on building strong relationships and offering best-in-class support that has made its parent company a
The non-bank lender saw record settlements of $6. 3 billion in FY22, taking its book to over $15 billion for the first time. Resimac Group Ltd (“the Group”) has produced record settlements whil
Resimac drives down costs, profit pops
Resimac drives down costs, profit pops
26 February 2021 6:39AM
Resimac CEO Scott McWilliam
Non-bank lender Resimac Group Ltd has unveiled strong results for the half-year ended December 2020, reporting a net profit after tax of A$50.5 million, up 88 per cent on the prior comparative period (1H20).
A large part of the result came via higher interest income, up by almost $38 million, or 45 per cent, on the comparable prior year result, to $122.1 million.
Resimac has continued writing loans, COVID notwithstanding, although at a slightly slower rate: new settlements of AU$2.1 billion were down for the half year to 31 December 2020 compared the $2.4 billion in new settlements written in for the first half of FY 20.