“This decision reflects the significant additional cost of capital banks are now required to hold against home lending,” ANZ CEO Australia Mark Whelan said in a statement. ANZ has become the final of the big four Australian banks to raise the rate of its standard home loans, blaming market conditions, as well as regulatory changes which are requiring the major banks to increase the amount of capital they hold against their home loan portfolios. The bank said it would be raising rates on all loans from April 1 and that this was in line with other lenders.
ANZ has become the final of the big four Australian banks to raise the rate of its standard home loans, blaming market conditions, as well as regulatory changes which are requiring the major banks to increase the amount of capital they hold against their home loan portfolios. The bank said it would be raising rates on all loans from April 1 and that this was in line with other lenders.