AMP Bank loan book records half-yearly decline
AMP Bank reported its loan book fell to $23.73 billion in 1H26 from $24.10 billion in 2H25, still above $23.52 billion in 1H25. Residential mortgages declined to $23.61 billion, while business finance loans dropped to $127 million. Arrears rose slightly and NPAT fell to $20 million from $30 million in 1H25.
How this was made
The 30-second read
Why it matters
Traders can reassess near-term earnings trajectory based on declining loan balances, slightly worsening arrears, and a small NIM compression, while monitoring whether loss experience stays contained.
Market read
Fresh 1H26 balance-sheet and credit-quality datapoints provide a basis to reprice near-term earnings risk for AMP Bank and mortgage-exposed lenders.
What to watch
The article highlights funding mix and securitisation share; changes in wholesale funding and securitisation costs could offset NIM pressure more than implied.
Background
AMP Bank’s half-year lending and credit metrics are summarized, including loan balances, arrears, LVR, NIM, funding mix, and NPAT.
Ticker impact
AMP Bank reports 1H26 loan book down to $23.73B, with NPAT falling to $20M and arrears ticking up modestly.
Bias modestly negative for AMP, with traders likely to focus on whether arrears and NIM stabilize in the next half.
The article provides fresh half-year datapoints: total loans down, NIM down 1bp, NPAT down, and 30-plus day arrears up, while bad debts written off remain low.
Market effects
Signals ongoing competitive pressure in mortgage pricing and funding costs for Australian lenders, with credit quality still manageable.
Relevant to Australian residential mortgage sentiment and bank earnings expectations.
Limited direct global spillover, but contributes to broader read-across on mortgage credit and funding-cost trends.
Counterpoint
Despite NPAT decline and higher arrears, bad-debt write-offs remain low and LVR improved, which could limit downside versus pessimistic expectations.
Key entities
- companyAMP Bank
Australian bank whose 1H26 loan book, arrears, NIM, funding mix, and NPAT are reported.
