Bank is carefully managing volumes amid volatile investment markets
AMP Bank has maintained a largely flat loan book, reporting a total of $23.5 billion for the second quarter of 2025, up slightly from $23.3 billion in the previous quarter.
The numbers show residential mortgages at $23.3 billion, up 2.8% year-on-year, while business finance loans slipped to $195 million, a 13.7% decrease from the same period last year.
The non-major said it “continues to carefully manage volumes to prioritise margins in the current environment”.
Although chief executive Alexis George (pictured) highlighted “positive momentum” at the bank (including the first quarter of positive net cashflow in the superannuation segment), she stressed that “investment markets remain volatile, and we continue to see sustained competitive pressure, as well as accelerating pace of change, driven by AI”.
George said AMP remains “focused on the ongoing execution of our strategy” amid this macro environment.
AMP Bank’s total deposits landed at $20.5 billion, a slight dip from $20.7 billion last quarter, Credit quality remains strong, with 90+ days arrears holding low at 0.88%, indicating a quality-over-quantity approach.
This measured approach comes as the bank continues to “prudently manage volumes to preserve margins,” Chief Executive Alexis George explained.
“In AMP Bank, we continue to prudently manage volumes to preserve margins,” added George. “Early feedback on our new digital bank, AMP Bank GO, has been positive, and we have rolled out new features including a small business overdraft product, with savings accounts and term deposits to come in the second half.”
