Old Mutual's robust growth trajectory likely to continue into 2025
Old Mutual announces a 14% rise in adjusted headline earnings for 2024, alongside a new digital banking initiative and a ...
BusinessTech9d
New R2.8 billion bank launching in South Africa this year
Old Mutual’s new bank will see a national roll-out in Q4 2025, but the bank is expected to only breakeven in 2028.
Seeking Alpha9d
Old Mutual Limited (ODMUF) Q4 2024 Earnings Call Transcript
Last Friday, we received the approval for Old Mutual Bank or OM Bank to commence business. And with that, I’d like to hand over to Clarence to give an update of where we are now and what’s ...
The Citizen8d
Here is how much it cost Old Mutual to build its near-to-launch bank
Old Mutual anticipate a loss run rate of R1.1 billion to R1.3 billion. However, they believe it will reduce over time as revenue is generated Old Mutual, known for offering financial solutions ...
Moneyweb9d
Old Mutual posts highest profit since 2019
Old Mutual Group reported its highest profit since 2019, buoyed by rising demand for its short-term insurance and wealth ...
The Business & Financial Times on MSN3d
Old Mutual Financial Services Monitor 2024 – Championing financial wellness
Every change in government indicates a people who are hopeful and looking forward to a brighter and a more promising future. This also means a shift in the attitudes and behaviours of Ghanaians. Old ...
TechCentral9d
Old Mutual’s OM Bank targets breakeven in three years
Old Mutual spent about R2.8-billion to build the bank and to secure a deposit-taking retail banking licence. The firm ...
Moneyweb9d
South Africa’s newest bank aims to break even in three years
The latest entrant in South Africa’s crowded banking sector aims to break even in 2028.
TechFinancials on MSN9d
How Many Old Mutual Customers Use Its MVNO, OM Connect?
Old Mutual launched its Mobile Virtual Network Operator (MVNO), OM Connect, in October last year. In its recent financial ...