Old Mutual presents OM Bank retail deposit target of R 8 billion-R 10 billion for 2028

Bitget2026/10/23 11:34

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Old Mutual targets FY 2028 banking operating profit of R 0–200 million at the UBS SA Financial Services Conference.
The banking business posted a first-half 2026 operating loss of R 611 million, versus R 310 million a year earlier.
Retail deposits are targeted at R 8–10 billion by FY 2028, compared with R 1.4 billion at first-half 2026.
Gross loans are targeted at R 23–26 billion, up from R 16.4 billion.
OM Bank's customer target is 2,500,000–2,800,000, compared with 742,000 at first-half 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Old Mutual Ltd. published the original content used to generate this news brief on October 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Old Mutual presents OM Bank retail deposit target of R 8 billion-R 10 billion for 2028

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