Who is Firstmac owned by?
Cannon's Firstmac has $9.5 billion of loans on its books. Uniquely in the local lending sector, it is wholly owned by Cannon and his wife. But the law states that no shareholder in a bank is able to hold more than 15 per cent of its shares.
Is Firstmac a bank?
Firstmac is Australia's largest non-bank lender. Over the last 40 years, Firstmac has provided over 130,000 home loans. Firstmac currently manages $15 billion in mortgages and $300 million in cash investments with offices in Sydney, Melbourne, Brisbane, and Singapore.
Who is loans com au owned by?