31 January 2023 11:46
AMP Bank has acquired Nano’s residential mortgage portfolio, adding approximately $400 million in loans to its residential mortgage book.
The book mainly consists of owner-occupied, principal, and interest loans with strong credit quality.
The acquisition delivers on Nano’s strategy to focus on being a provider of technology rather than a home loan provider.
Nano customers will transition to AMP in March on a comparable product and maintain their current interest rate.
acquisition, AMP Bank, home loans, Nano
Despite geopolitical turbulence, markets are avoiding short-term turmoil and reacting to the underlying fundamentals showing the strength of major economies, a pair of AMP investment executives told the Professional Planner Managed Accounts Decoded podcast.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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