A Christmas Message from Resi's CEO, Angelo Malizis

By the resi financial blog team, 19 December 2013

Christmas 2013

Christmas is a wonderful time to reflect on the year we’ve just had while looking forward to all the possibilities the year ahead will bring. 2013 has certainly delivered some encouraging results for Resi and the industry we operate within.
 
It would be impossible to think about the past year and not mention the record low interest rates we’re experiencing. Who would have predicted they would get to the level they are at the moment? Our customers have certainly benefited with reductions of up to 1 per cent during the year. 
 
The combined effect of a change of government, stable employment figures, low inflation and low interest rates gave property investors a bit of hope this year and after 10 years of uncertainty, share prices took off along with property values. 
 
Last year I predicted 2013 would be a year of aggressive growth for Resi. Looking back, I can say with certainty that we delivered on this. Our franchisee numbers have increased to 35, with loan volumes for the first half of this financial year the highest they have been for six years.
 
It is my belief that Resi franchisees are the best in the industry. They not only gain the trust and respect of the customer but are successfully demonstrating our mission of always being there for the customer, not just for the transaction they are involved with at the time, but for the next one and the one after that. 
 
While 2014 is shaping up to be another positive year for the industry, I expect it will also bring challenges. The sector is much more competitive than when Resi was first established 25 years ago. When non-banks first came onto the scene, the banks didn’t view us as too much of a threat. This has now changed and we need to think and act smarter to maintain our competitive advantage. 
 
I’m excited about the prospects that lie ahead. We have a number of  new product initiatives that we will kick off in the New Year, which will further help our customers achieve their financial goals. 
 
I wish you a wonderful Christmas and hope you enjoy a healthy and prosperous 2014.
 
Angelo Malizis
Resi CEO
 

 

Categories: 2014, Message from Resi CEO