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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
$20.32 |
Change
-0.670(3.19%) |
Mkt cap ! $22.00B | |||
| Open | High | Low | Value | Volume |
| $20.93 | $20.95 | $20.24 | $55.02M | 2.700M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 491 | $20.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.40 | 1127 | 2 |
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| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| SUN (ASX) Chart |