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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
$19.70 |
Change
0.030(0.15%) |
Mkt cap ! $23.46B | |||
| Open | High | Low | Value | Volume |
| $19.59 | $19.71 | $19.48 | $35.18M | 1.789M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2065 | $19.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.70 | 80233 | 7 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| SUN (ASX) Chart |
