Nov 16 (Reuters) - AMP Ltd (AMP) :
- AMP TO LAUNCH NEW DIGITAL BANK DESIGNED FOR SMALL BUSINESS
- TO WORK WITH ENGINE BY STARLING (ENGINE)
- NEW DIGITAL BANK DIVISION IS EXPECTED TO BE NET PROFIT AFTER TAX AND RETURN ON CAPITAL ACCRETIVE FOR AMP BANK FROM 2027 ONWARDS
- SOLUTION WILL BE BUILT IN FY24 AND LAUNCH IN Q1 2025
- NEW DIGITAL BANK DIVISION REQUIRES AN INVESTMENT OF A$60 MILLION ACROSS FY24 AND FY25
- BANK'S NEAR-TERM PERFORMANCE WILL CONTINUE TO BE AFFECTED BY CURRENT MARKET CONDITIONS
- NIM WILL CONTINUE TO BE UNDER PRESSURE IN FY24
- AMP BANK GROWTH IS EXPECTED TO BE NOMINAL IN FY24
- CURRENT MARKET CONDITIONS INDICATE NET INTEREST MARGIN OF APPROXIMATELY 125BPS FOR FY23
- TARGETING SOLE TRADERS AND SMALL BUSINESSES WITH 1-20 EMPLOYEES, NEW DIGITAL BANK DIVISION WILL OFFER TRANSACTION AND SAVINGS ACCOUNTS
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Last
$1.80 |
Change
-0.005(0.28%) |
Mkt cap ! $4.557B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.80 | $1.78 | $2.312M | 1.294M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3249 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 30666 | 19 |
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| Last trade - 10.21am 16/09/2025 (20 minute delay) ? |
| AMP (ASX) Chart |