PepTalk articles for January 2012

As we all start hitting the office again after (hopefully) a good recharge over the traditional Christmas / New Year break, all of us at Pepper are literally beginning a new chapter in our Company's evolution.

On 16 January, we officially took control of GE Capital's former home lending portfolio in both Australia and New Zealand.  In terms of total loan assets under management, Pepper is now one of Australia's largest non-bank lenders, possibly the largest. Certainly our balance sheet is now larger than the vast majority of regionally based credit unions and building societies.

For this reason, Pepper has decided to be more vocal in 2012 about issues facing both the non-bank lending sector and, more generally, the competitive landscape for lending to consumers and small business in Australia.