Resimac Group (ASX: RMC) banks on digitisation for AUM growth, operational efficiency

Mon 09 Oct 23, 12:29 PM | Team Kalkine

Image source: Pixabay

Highlights

Resimac Group Ltd (ASX: RMC) is a non-bank lender and a multi-channel distribution business in Australia, New Zealand and the Philippines. The company is engaged in originating, servicing and funding asset finance products and non-conforming residential mortgages. It operates in New Zealand, the Philippines and Australia.

The company registered an NPAT of AUD 73.7 million and a statutory NPAT of AUD 66.5 million in the financial year 2023 (FY23). The period saw a 600 bps increase in the cost to income ratio to 43.6% because of increased operating expenses in the first half of FY23.

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