Katrina Parrington

Mortgage & Finance Broker, Elders Home Loans – Northern Territory – P. 8932 8900

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  • Elders Home Loans

  • Katrina Parrington

    I am a long term Centralian resident with more than 18 years experience in the financial services industry. Initially, in Real Estate in Adelaide before pursuing a career with Elders Insurance Alice Springs and lending roles with major banking institutions where I gained extensive experience in Home Loans and Commercial Lending here in the Alice and in Darwin.

    I have a unique set of skills that ensures I understand your lending needs and can provide you with professional advice and personal service.

    Tel: 08 8953 8800
    email: katrina.parrington@eldershomeloans.com.au

Swan Warns Banks

Posted by Katrina Parrington on February 8, 2010

BANKS have been warned they will face the ”wrath of the Australian government” if they push up mortgage rates after a decision announced yesterday to stop guaranteeing their overseas borrowings.

The guarantees offered from October 2008 during the financial crisis enabled banks, credit unions and building societies to borrow on the world’s best terms taking advantage of the federal government’s AAA credit rating. Declaring the decision to offer no new guarantees after March 31 a ”milestone in our recovery from the global recession”, the Treasurer, Wayne Swan, said it would provide ”no justification whatsoever” for rate rises over and above those sanctioned by the Reserve Bank. ”The banks’ interest rate margins are back to pre-crisis levels.

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