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(Reuters) - Australian financial services firm AMP Ltd said on Wednesday net cash outflows for its flagship Australian wealth management business were 30% lower in the March quarter, while the banking unit's credit quality remained strong.
AMP Bank's loan book grew over the first quarter compared with the previous three months, while lending margins were largely in line with what they were a year earlier. The company also said momentum in loan applications was improving, despite higher interest...
>>> Read more: Australia's AMP says Q1 fund outflows lower, credit quality strong
AMP Bank's loan book grew over the first quarter compared with the previous three months, while lending margins were largely in line with what they were a year earlier. The company also said momentum in loan applications was improving, despite higher interest...
>>> Read more: Australia's AMP says Q1 fund outflows lower, credit quality strong
