Half Year 2024 Australian Finance Group Ltd Earnings Call Transcript

Feb 29, 2024 / 12:00AM GMT
Operator

Good day, and welcome to the investor briefing for AFG 2024 half year results announcement. (Operator Instructions) And finally, I would like to advise all participants that this call is being recorded.

Thank you. I would now like to welcome David Bailey, CEO, to begin the conference. David, over to you.

David Bailey - Australian Finance Group Ltd - Director

Thanks very much and thanks everyone, I appreciate you joining Luca and myself as we walk through the half-year results. As some opening comments, I would like to say that after 3 reporting periods of results impacted by knock-ons of the pandemic, be they TFF, cashbacks and deposit arbitrage for our lending business, as we round the half and enter the 2024 calendar year, we're seeing signs of optimism.

Lodgement activity for our white label business have increased year-on-year and importantly, our AFG Securities volumes are running at double -- what that was experienced in the same time last year.

Our AFG Securities book has stabilized and we have moved our focus from NIM

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