ISSUER PROFILES
AUSTRALIAN FINANCE GROUP
AUSWIDE BANK
AUSTRALIAN ADI
NO
AUSTRALIAN ADI
YES
SECURITISATION PROGRAMME NAME
AFG
SECURITISATION PROGRAMME NAME
ABA TRUST
U S E OF S E C UR IT IS A T I O N
USE OF SE CURI T I SAT I ON
TYPES OF SECURITISATION ISSUED
PRIME RMBS, NONCONFORMING RMBS
PROPORTION OF OUTSTANDING WHOLESALE FUNDING SOURCED VIA SECURITISATION
75%
NUMBER OF SECURITISATIONS ISSUED
10
TOTAL VOLUME ISSUED
A$4.1BN
TOTAL DOMESTIC VS OFFSHORE ISSUANCE
100% DOMESTIC
OUTSTANDING VOLUME OF SECURITISED ISSUES
A$2.2BN
PROPORTION OF SECURITISATION PORTFOLIO IN COVID-19 PAYMENT RELIEF
NOT DISCLOSED
A
ustralian Finance Group (AFG) is one of Australia’s leading financial-solutions companies. Founded in 1994, AFG has grown to become one of the largest aggregators in Australia with a loan book of more than A$170 billion. AFG listed on the Australian Securities Exchange in 2015 and has more than 2,975 brokers across Australia, distributing more than 4,000 finance products supplied by AFG’s panel of more than 70 lenders. AFG is a technology-focused business with industry-leading platforms that provide lenders and brokers with a worldclass offering, through which they can grow their businesses, manage risks, and deliver streamlined and sophisticated solutions to their customers. AFG commenced manufacturing its own home loans in 2007 with a focus on providing excellent value for consumers and a rapid, reliable and personal experience for its broker partners. The AFG Securities portfolio comprises more than A$2.9 billion in high-quality residential assets, delivering an arrears performance consistently better than industry average. AFG Securities maintains a diversified funding programme based around strong, trusted partnerships. The company is a regular issuer in the securitisation market. As an aggregator and funder in its own right, AFG has privileged insights that support its proprietary lending programme and can provide funders and investors with a deeper understanding of the Australian market and developing trends.
TYPE OF SECURITISATION ISSUED
PRIME RMBS
PROPORTION OF OUTSTANDING WHOLESALE FUNDING SOURCED VIA SECURITISATION
41%
NUMBER OF SECURITISATIONS ISSUED
13
TOTAL VOLUME ISSUED
A$3.7BN
TOTAL DOMESTIC VS OFFSHORE ISSUANCE
100% DOMESTIC
OUTSTANDING VOLUME OF SECURITISED ISSUES
A$189M
PROPORTION OF SECURITISATION PORTFOLIO IN COVID-19 PAYMENT RELIEF
NOT DISCLOSED
A
uswide Bank is an Australian, regulated authorised deposit-taking institution (ADI) with its head office in Bundaberg and a corporate office in Brisbane. Auswide has Australian credit and financial-services licences issued by the Australian Securities and Investments Commission. The bank is prudentially supervised by the Australian Prudential Regulation Authority and customer deposits are guaranteed within the limits of the Financial Claims Scheme. Auswide is listed on the Australian Securities Exchange with the code ABA. Auswide helps Australians with personal and business banking products and services. This includes home and business finance, consumer credit, deposits, foreign exchange, insurance and a range of banking services. An omni-channel distribution strategy – via branches, strategic relationships, and online and digital channels – creates growth opportunities and diversifies risk. The bank’s branch network covers 18 locations from Townsville in north Queensland to Brisbane in the south east. The bank has played an essential role in supporting these communities for more than 50 years. Partnerships include relationships with third-party introducers and other advocates including mortgage aggregators, peer-to-peer lenders, deposit brokers and platforms, and organisations such as National Seniors Australia and Queensland Rugby League. The bank is investing in digital banking services and origination to support growth, create efficiencies and improve customer experience.
◆ please contact:
Damian Percy General Manager, AFG Securities +61 419 818 054 | damian.percy@afgonline.com.au Toni Blundell Manager, Securitisation +61 404 817 417 | toni.blundell@afgonline.com.au www.afgonline.com.au 92 · Australian Securitisation Journal | Issue 19_2021
◆ please contact:
Dale Hancock Group Treasurer +61 7 4150 4025 | dhancock@auswidebank.com.au www.auswidebank.com.au
