AMP Limited (AU:AMP) has released an update.
AMP Limited’s first quarter report for 2024 reveals a dip in the bank’s total loan book to $23.5 billion, while deposits saw a marginal increase to $21.4 billion. Their Platforms business experienced a 32% surge in net cashflows to $201 million, with Assets Under Management (AUM) climbing across the board, including a notable increase in Superannuation & Investments to $54.1 billion. The company is also focusing on expanding their digital banking services, targeting a Q1 2025 launch to diversify and strengthen their customer base.
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