Pleasing to see that the transition to a higher quality loan...

Pleasing to see that the transition to a higher quality loan book is progressing well.

"The strength of our loan book portfolio has also been recognised by two recentMoody's credit rating upgrades of our term securitisations."

I expect loan originations to remain subdued until the macro environment improves. December inflation figures indicate that the monetary policy cycle tightening cycle has ended, with many analysts now predicting two cuts in the base cash rate by EoY. With interest rates easing and tax cuts coming into effect from 1st July, the outlook is looking increasingly positive for lenders.