What bank is Pepper Money?

Pepper Money Prize Market Price

Pepper Money Limited (ASX: PPM) is one of Australia and New Zealand’s leading non-bank lenders. Pepper Money specialises in providing innovative mortgage, asset finance and novated lease solutions for customers who are often underserved by the banking sector and other non-banks. Pepper Money operates in three reportable segments: Mortgage, Asset Finance and Loan and Broker Servicing.

PPM’s diversified portfolio of products and services provides customers 피망 머니상 시세 with choice, flexibility and convenience and includes residential home loans, unsecured personal loans and credit cards, debtor finance (secured against consumer goods or cash), novated leases, small balance commercial real estate-backed lending and asset management. Pepper Money’s products and services are available in Australia, New Zealand and the UK.

The Company’s lending activities are funded by a diverse base of wholesale investors, including superannuation funds, life insurance companies, wealth management firms, private equity firms and institutional capital markets. Pepper Money also has a strong track record of syndicating mortgage securities to the wholesale market. Its extensive network of relationships with wholesale lenders, many of which have dealings with Pepper dating back more than 15 years, enables the Company to offer competitive pricing and access to the full spectrum of investment funding.

Pepper Money has a reputation for innovation and is committed to helping people succeed, both in their professional lives and at home. This was the inspiration for its Shout Out awards, which recognise people who are making a positive difference in their communities. The Shout Out awards are 100 per cent employee run, with nominations reviewed and selected by a group of employees, who then contact and support the award winners to help them continue their work.

As a result of the COVID-19 pandemic, Pepper Money has seen significant customer demand for its products and services. As the business returns to normal operations, it has been able to continue lending to a broad range of customers, delivering stable and sustainable growth in its mortgage and asset finance businesses.

Mortgage lending is a core part of Pepper Money’s business, with its product offering extending from specialist residential home loans in Australia and New Zealand, to asset finance secured by cars and other similar collateral, small balance commercial real estate-backed lending in Australia and novated leases. It also has a growing unsecured personal loan business and is developing a small business lending division.

The Company’s mortgage loan book continues to demonstrate solid risk-adjusted returns with its loss rates, excluding the impact of COVID-19 management overlays, improving further over the first half to just 4 basis points of its lending assets under management. This is a testament to the quality of the Company’s loan portfolio and is reflected in the stable outlook on its Moat, Fair Value and Uncertainty ratings. The Company has a clear strategy to return to profitability and is focused on maintaining its sustainable and responsible lending model.