Suncorp Group Limited
(ASX:SUN) hopes to sell most of its non-core bank four years after it was established, according to media reports.
Bank sources have reportedly told media that a sale of the non-core bank portfolio was being considered by one or several buyers.
Last month, Suncorp said it would reduce its non-core portfolio to below $2.7 billion by June.
Suncorp Bank's total lending jumped 11.2 per cent in the March quarter to $46.7 billion, from $41.9 billion in the previous corresponding period.
The company’s business loans swelled 12 per cent to $9.6 billion, from $8.57 billion on year.
Suncorp posted a net profit of $577 million for the first half of the current financial year.
