Challenger bank receives $500m injection for on-lending to SMEs
Apr06

Challenger bank receives $500m injection for on-lending to SMEs

The Australian Office of Financial Management has said late last week it will invest $250 million in Judo Bank, as part of the first round of funding released by the Treasurer’s Australian Business Securitisation Fund. The lender will also receive a further $250 million into its warehouse facility under the government’s recently launched $15 billion Structured Finance Support Fund. Confirming the substantial capital injection, Judo...

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