Australia’s Metro Finance has surpassed $5 billion in loan book value for the first time, marking a major inflection point for the independent non-bank lender.
The Sydney-based firm, which specialises in auto, equipment, and novated lease finance, has now originated over $10 billion in loans since its 2011 inception.
The milestone underscores Metro’s rapid ascent in Australia’s asset finance sector, where it now settles approximately $200 million in loans monthly through a national broker network of 4,000 introducers.
The announcement follows Metro’s record-breaking $1 billion asset-backed securities (ABS) issuance in May 2025 — its largest to date.
Initially launched at $500 million, the deal was upsized twice due to overwhelming investor demand, with 82% of participation coming from offshore institutions across Europe, Japan, Hong Kong, the U.K., and the U.S.
All note tranches were oversubscribed, reinforcing Metro’s growing reputation as a high-performing issuer in the securitisation market.
CEO David Albest said the transaction “doubled its original value at launch,” reflecting confidence in Metro’s asset quality and growth trajectory.
Metro’s growth is also driven by sustainable finance innovation.
In 2024, it launched MetroEco, an Australian-first product offering discounted finance for SMEs investing in electric vehicles, solar panels, and sustainable farming equipment.
Backed by Clean Energy Finance Corporation, MetroEco offers a 1% rate discount for eligible green assets, helping businesses reduce emissions while accessing tailored capital solutions.
As global investors increasingly prioritises ESG-aligned assets, Metro’s green finance strategy positions it as a compelling player in the evolving non-bank lending landscape.
