CBA surges in Australian asset finance

CBA surges in Australian asset finance

Grant Cairns, CBA Executive General Manager Business Lending, said asset finance was a priority growth area for the bank in supporting business customers.

“We’re focused on delivering tailored asset finance solutions to enable businesses, big and small to innovate and grow. It’s great to see this reflected in strong levels of customer satisfaction across a range of different metrics.”

It comes amidst significant growth in asset finance, particularly among small and medium sized businesses. The report shows asset finance volumes expanded by 10.9 per cent in the past year, eclipsing the previous year forecast of 9.5 per cent.

Chris Moldrich, CBA General Manager Asset Finance said, more businesses are investing in resilience and improving performance and productivity.

“Businesses are facing many challenges with rising inflation, energy costs and supply chain disruptions,” Mr Moldrich said.

“We are concentrating on providing faster and simpler ways for businesses to access new equipment and technology to improve efficiencies and deliver greater value to their customers.”

The report was based on direct interviews conducted by East & Partners with a national sample of 1,300 Australian CFOs and treasurers.

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