Judo Bank – Monthly Movements
June 2023 to July 2023
Lending – Increased from $8,908m to $9,065m.
Deposits – Increased from $5,955m to $6,479m. (Biggest month on record).
Cash – Increased from $613m to $921m.
The lending growth of $157m may appear low, but it follows a massive June of $478m. Also, their recent presentation indicates that lending should be $9,300 by today which is decent growth.
The large growth in deposits is interesting because if their deposits continue to grow faster than lending, they should be able to reduce their deposit rates and improve their NIM.
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Last
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Open | High | Low | Value | Volume |
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