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Australian Finance Group Ltd

( ASX:AFG ) - Banks

News

Analyst Views

AFG – Macquarie rates the stock as Outperform

Australian Finance Group's residential lodgements increased 33% year on year in the March quarter and 34% in April, although the broker notes last April was benign given the bank Royal Commission and a pending election. Home loan lodgements were down -34% in April due to bank competition. Mezzanine funding has been secured to provide covenant relief.

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