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Suncorp Group Provides an Update on APS330 for the Quarter Ended 31 March 2021

17 May 2021  |  09:19:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: APS330 - 31 March 2021

Suncorp Group provided an update on APS330 for the quarter ended 31 March 2021. Business lending contracted $16m or 0.1%, due to a reduction in the commercial loan portfolio partially offset by growth in agribusiness lending. The contraction of commercial loans was driven by material paydowns due to successful project completions in the development finance portfolio.

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