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AMP Bank: Acquires Nano home loan book

AMP Bank: Acquires Nano home loan book

  • AMP Bank announces the acquisition of Nano’s residential mortgage portfolio
  • Adding approximately A$400 million in loans to Bank’s residential mortgage book
  • The acquisition continues to support the growth while maintaining the high-credit quality of the mortgage book
  • Nano’s mortgage book consists of primarily owner-occupied, principal and interest loans, with strong credit quality
  • The agreement also delivers on Nano’s strategy to focus on being a provider of technology to financial services
  • Nano customers will transition to Bank in March 2023 on a comparable product and maintain their current interest rate
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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