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Judo Bank Bolsters SME Banking, Eyes Growth
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Judo Bank Bolsters SME Banking, Eyes Growth

Judo Capital Holdings Limited (AU:JDO) has released an update.

Judo Capital Holdings Limited, known as Judo Bank, is solidifying its position in the Australian SME banking market with a diversified loan book over $10bn and expanding into new lending segments and regions. The bank has announced significant internal appointments and technological advancements, including a new core lending platform. Despite a one-off restructuring provision and expenses related to the outgoing CEO, Judo expects a profit before tax in FY24 to be between $100m and $105m, maintaining a positive outlook for FY25 with predicted growth.

For further insights into AU:JDO stock, check out TipRanks’ Stock Analysis page.

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