Mortgage Business MyState settlements up 24% in 1H21 By Annie Kane 22 February 2021
The Tasmanian lender has reported growth in applications and settlements in the six months to December 2020, reflecting a continuing market trend.
MyState Bank has released its results for the first half of the financial year 2021 (ending 31 December 2020), revealing that both its applications and settlements were up over the half.
According to its results, the non-major bank received $1.07 billion of applications in 1H21, its highest figure for the first half of a financial year to date.
Following strong quarterly figures, settlements were also at new highs for the half, coming in at $68 million, up 24 per cent on 1H20.