EMERGING ISSUER PROFILES
ATHENA HOME LOANS CREDABL AUSTRALIAN ADI
NO
TYPE OF LENDING
PRIME RESIDENTIAL MORTGAGES
SIZE OF LENDING BOOK
A$1.5BN DRAWN BALANCE
PROPORTION OF SECURITISATION PORTFOLIO IN COVID-19 PAYMENT RELIEF AT 31 DEC 2020
0.3% IN HARDSHIP, 0.2% IN PAYMENT MORATORIUM
YEAR OF ESTABLISHMENT
2017
A
thena Home Loans was founded by former bankers Nathan Walsh and Michael Starkey. The company competes in the prime mortgage space and aims to save Australians tens of thousands of dollars and years over the life of their loans. Since public launch in February 2019, Athena has received more than A$9 billion in applications and settled A$1.9 billion in loans. The group’s focus on high-quality lending and robust processes was highlighted by the COVID-19 shock, as hardship cases never exceeded 0.7% of customers – an unrivalled position in the industry. Athena uses technology to drive origination efficiency while enhancing the customer experience. It is also innovating on the funding side, recently signing a A$300 million deal with Newcastle Permanent Building Society. Athena is backed by a broad range of venture-capital and strategic equity investors including Square Peg Capital, AirTree, Macquarie Bank, Hostplus, Australian Super, Sunsuper, Salesforce Ventures and NAB Ventures. ◆ please contact:
Neil Murchie Chief Investment Officer +61 412 801 765 neil@athena.com.au Jason Finlay Treasurer +61 408 243 471 jason@athena.com.au www.athena.com.au
DEFENCE BANK
AUSTRALIAN ADI
NO
TYPES OF LENDING
SECURED ASSETBACKED LENDING, COMMERCIAL PROPERTY MORTGAGES, HOME LOANS
AUSTRALIAN ADI
YES
TYPES OF LENDING
RESIDENTIAL, AUTO, PERSONAL AND CREDIT CARD
SIZE OF LENDING BOOK
A$2.4BN 0.5% 1974
SIZE OF LENDING BOOK
>$A350M
PROPORTION OF SECURITISATION PORTFOLIO IN COVID-19 PAYMENT RELIEF AT 18 JAN 2021
PROPORTION OF SECURITISATION PORTFOLIO IN COVID-19 PAYMENT RELIEF AT 30 NOV 2020
0.1%
YEAR OF ESTABLISHMENT
YEAR OF ESTABLISHMENT
2016
C
redabl is the leading independent lender for medical professionals, providing doctors, dentists and vets with loans designed for their tools-of-trade needs. Credabl has originated more than A$1 billion across its platform. For almost three decades, members of the Credabl team has been developing and innovating healthcare finance, culminating in lending standards that reflect the collective learning of the team over time. Credabl has no current losses and has successfully navigated the COVID-19 shock, with only one loan currently in hardship. Credabl’s loan book increased by more than 100% in 2020. Credabl is niche-focused, engaging with clients digitally and providing strong relationship lending services. The firm always seeks to align with prevailing technology trends. Credabl has a national footprint and counts fixedincome funds, banks, institutional funds and the Australian Office of Financial Management among its investors. ◆ please contact:
Stafford Hamilton Chief Executive Officer +61 468 941 312 stafford@credabl.com.au David Salkinder Chief Operating Officer +61 499 779 888 david@credabl.com.au www.credabl.com.au
D
efence Bank is one of Australia’s larger member-owned banks, serving the Australian Defence Force and the broader Australian community including staff in the Commonwealth Department of Defence (Defence) and Department of Veterans’ Affairs (DVA). Defence Bank has operated for more than 45 years, and has more than 80,000 members and more than A$2.8 billion in assets with 33 branches. For more than 10 years, Defence Bank has worked with Defence and DVA to facilitate home ownership as one of only three incumbent Defence Home Ownership Assistance Scheme panel members. Defence Bank has also been appointed by the National Housing Finance and Investment Corporation to the panel of residential-mortgage lenders to offer guarantees under the federal government’s First Home Loan Deposit Scheme. Defence Bank’s current product range includes home and investment mortgage loans, personal loans, credit cards, car loans, at-call and term deposits, and more. ◆ please contact:
Dean Barton Chief Financial Officer +61 3 8624 5876 dean.barton@defencebank.com.au Sash Petrovski Treasurer +61 3 8624 5421 sash.petrovski@defencebank.com.au www.defencebank.com.au 113
