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Judo Bank shares crash nearly 40% after disclosing a cluster of bad loans
The specialist small business lender revealed a concentration of bad debts and flagged rising risk management costs, sparking a nearly 40% share price fall.
Judo Bank, Australia's specialist lender to small and medium businesses, disclosed a cluster of bad loans that caught investors off guard. The company also flagged that managing its lending risks is becoming more costly.
Markets responded sharply, cutting the share price by nearly 40% in a single session.
Why it mattersJudo Bank is a key source of credit for small Australian businesses; a surge in bad debts signals stress in that lending segment.
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