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Media — News
St.George announces record cash1 profit of $1,321 million, up 13.9%
Wednesday, 29 October 2008
St.George Bank today announced a record cash profit result of $1,321 million, up 13.9 per cent from 30 September 2007. The cash profit, which excludes significant items, represents earnings per share growth of 8.3 per cent.
Read the media release.
St.George reduces standard variable interest rates by 0.21% p.a.
Tuesday, 21 October 2008
St.George Bank today announced it was lowering its standard variable home loan interest rates by 0.21% p.a. to 8.36% p.a., effective 31 October 2008 for new and existing customers.
Les Matheson, Group Executive Retail Bank, said; "St.George is pleased to be able to provide customers with a further reduction in their home loan interest rate."
"This latest reduction, coupled with both the 0.80% p.a. reduction announced less than two weeks ago and the 0.30% reduction following the RBA's 0.25% reduction in September, will come as welcome relief for many Australian families. We believe this move reinforces St.George’s commitment to remain highly competitive in the home loan market," Les said.
St.George's 0.21% p.a. rate reduction equates to a saving of approximately $37 per month in repayments on an average size loan of $250,000 over a 30 year loan term.
Recently, St.George cut its fixed interest home loan interest rates, giving customers the opportunity to lock into some of the most competitive rates currently in the market. For example, eligible Advantage Package customers can take advantage of a market leading 2 Year Fixed Rate of 6.99% p.a., which is significantly lower than the standard variable rate.
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Wednesday, 15 October 2008
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