A very good result in a market where the RBA has materially...

A very good result in a market where the RBA has materially raised interest rates.

Liberty, albeit with a slightly lower NPAT, has weathered the interest rate storm so far by increasing its exposure to higher margin loans, in particular auto loans which are now growing again as customer demand is being satisfied by greatly increased vehicle supply.

Liberty is the only investment grade non bank lender on the ASX and maintains a very strong balance sheet.

I topped up late last week and happy to maintain a long term hold suplemented with buying on the dips.

Cheers.....D