BUZZ-Australia's Humm Group hits over two-month low on shrinking loan volumes
Reuters
Oct 31
BUZZ-Australia's Humm Group hits over two-month low on shrinking loan volumes
** Shares of Autralia's Humm Group HUM.AX fall as much as 12.8% to A$0.58, their lowest level since August 27
** Non-bank lender reported 14% lower new loan origination volume for first-quarter of A$845 million ($549.08 million) compared with pcp
** Co expects consumer loan volumes for Australia segment to remain below last financial year’s levels for the remainder of FY26
** Stock down 15.1% YTD
($1 = 1.5389 Australian dollars)
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com))
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