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Hume Announces Strong Results For The 2017 Financial Year

Hume Bank

Hume has continued to make progress against its strategic objectives of relevance, momentum and collaboration and is pleased to announce strong results for the 2017 financial year.

Hume increased operating profit before tax by 7.6% on the prior year to $5.73m, achieved through consistent lending growth which saw Hume’s loan book increase by 6% to $774m. Hume also improved upon last year's financial metrics of revenue, capital, cost to income, and return on assets. 

“These are fantastic results given the current challenges in the economic environment and increasing competition. Hume’s results have been achieved not only through our improved lending performance but also by ensuring our business is efficient and that our products and services are competitive,” shared David Marshall, CEO at Hume Bank. 

These results have allowed Hume to continue to invest in its customers and their communities. The new Hume App, co-designed with over 1,300 customers provides unprecedented convenience and access for users. The launch of the two new flagship branches also showcase Hume’s blended service approach to banking which allows our customers to interact with us when, where and how they want.