SUN suncorp group limited

News: Suncorp Group increases Q3 lending

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    Brisbane-based Suncorp Group Limited (ASX:SUN) has posted lending growth over the March quarter.   

    Total lending rose 3.3 per cent to $52 billion in the three months to the end of March, with retail lending gaining 4.6 per cent.

    CEO John Nesbitt says Suncorp has maintained discipline in its approach to lending with strengthened serviceability standards and improved credit security and scoring.

    Looking ahead Mr Nesbitt has advised the group has made strong progress in the delivery of its strategic programs of work and they remain on track. 

    Suncorp Group reported a net profit of $636 million in the first half of the 2015 financial year. 
 
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