Judo Bank says the cut in the cash rate will help the business bank compete with major lenders who may protect margins by holding back some reduction for small business borrowers.
In contrast to Bendigo and Adelaide Bank – which reported a squeeze in its interest margins on Monday, and saw its shares crunched – Judo lifted its margin guidance in half-year results that beat expectations.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
