JDO: Judo Technology, CTI and Trading Update

JUDO CAPITAL HOLDINGS LIMITED

• Judo Bank provided an update on its financial performance for the nine months to 31 March 2023, reporting a profit before tax of $86.7 million and a loan book of $8 billion at the end of March.
• The company is upgrading its underlying NIM guidance for 2H FY23 to an expected range of 3.3 – 3.5% and expects to achieve its FY23 guidance metrics, including reaching over $9 billion of GLA by the end of the financial year.
• Judo Bank plans to invest in technology, digital and data, as well as purpose-guided decisions to potentially improve its cost-to-income ratio and build a world-class SME business bank.

2023-05-01 07:51:00