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Suncorp Group Limited (ASX:SUN) hopes to sell most of its non-core bank four years after it was established, according to media reports.
Bank sources have reportedly told media that a sale of the non-core bank portfolio was being considered by one or several buyers.
Last month, Suncorp said it would reduce its non-core portfolio to below $2.7 billion by June.
Suncorp Bank's total lending jumped 11.2 per cent in the March quarter to $46.7 billion, from $41.9 billion in the previous corresponding period.
The company’s business loans swelled 12 per cent to $9.6 billion, from $8.57 billion on year.
Suncorp posted a net profit of $577 million for the first half of the current financial year.
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Last
$21.07 |
Change
-0.110(0.52%) |
Mkt cap ! $22.81B | |||
| Open | High | Low | Value | Volume |
| $20.93 | $21.16 | $20.88 | $18.64M | 885.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1068 | $21.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.08 | 34 | 1 |
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| Last trade - 16.12pm 15/09/2025 (20 minute delay) ? |
| SUN (ASX) Chart |