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Humm Group Maintains AUM Growth Amid Slowing Loan Originations and Elevated Costs
10:00am on Thursday 1st of January, 1970 AEST
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Financial Services
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Humm Group Maintains AUM Growth Amid Slowing Loan Originations and Elevated Costs
10:00am on Thursday 1st of January, 1970 AEST
Key Points
Average AUM up 5.1% to $5.4 billion
Loan originations down 8.6%, consumer volumes impacted by product transition
Credit losses slightly higher but credit quality remains healthy
Net interest margin declines overall, with commercial margins compressed
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