This last half saw extreme price competition for mortgages, with several competitors seeking to increase their balance sheet exposure to Australian home loans and some irrational pricing in the lead up to changes in regulation,” Bendigo and Adelaide Bank Managing Director, Mike Hirst, said.
YBR is a prefect example of one of these competitors and is subject to the same competition from other lenders. Difference is YBR is not an established bank that has a history of profit but here's hoping that one day it comes close.
YBR Price at posting:
21.5¢ Sentiment: Sell Disclosure: Held
