MA Financial pens $1B deal with Humm Group
MA Financial (ASX:MAF) and Flexicommercial are collaborating to procure up to $1 billion in loans. The association sees the two parties acknowledging that major banks are losing market share to non-banks, presenting an opportunity for these non-banks to expedite growth into certain divisions of the asset-backed lending market. Guy Kaufman, Executive Director of MA Financial illustrates the strategy as capitalising on their capabilities to cater to the asset-based lending market.
https://aus biz.com.au/media/ma-financial-pens-1b-deal-with-humm-group?videoId=37426
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Ann: MA Financial delivers 1H24 financial result, page-4
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Mkt cap ! $1.491B | |||
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