Brief: Genworth Mortgage Insurance Australia Says It Finalised Contractual Terms With CBA

Helia

09/11/2022 01:30

Nov 9 (Reuters) - Genworth Mortgage Insurance Australia
Ltd  GMA.AX :
    * CBA LMI CONTRACT FINALISED
    * HAS FINALISED CONTRACTUAL TERMS WITH COMMONWEALTH BANK OF
AUSTRALIA
    * EXECUTED CONTRACT FOR EXCLUSIVE PROVISION OF LENDERS
MORTGAGE
INSURANCE FOR CBA AND RESIDENTIAL MORTGAGE GROUP
    * SUPPLY AND SERVICE CONTRACT IS FOR A PERIOD OF 3 YEARS
COMMENCING 1 JANUARY 2023
    * UNDER CONTRACT, CBA TO INSURE MIN 50% OF NEW CBA AND RMG
HIGH
LOAN TO VALUE RATIO RESIDENTIAL MORTGAGE LOANS

Source text for Eikon:  ID:nASX2RHS0h 
Further company coverage:  GMA.AX 
 ((Reuters.Briefs@thomsonreuters.com;))