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AMP Provides Q1 2022 AUM and Cashflows Update

05 May 2022  |  09:20:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: AMP Ltd provides Q1 22 AUM and cashflows update

AMP provided Q1 2022 AUM and cashflows update. Its Bank grew at 2x system growth with the total loan book increasing A$0.5bn to A$22.6bn in Q1 22 in a highly competitive market. Australian Wealth Management (AWM) net cash outflows of A$1.3bn in Q1 2022, improved from net cash outflows of A$2.0bn in Q1 2021. North inflows from external financial advisers (EFA) up 53% to A$342m on Q1 2021.

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