AMP Bank, under the umbrella of AMP (ASX:AMP), is projecting above system residential loan growth for FY23.

The bank’s forecast for the Net Interest Margin (NIM) for FY23 is in the range of 1.30-1.35%.

In parallel, the revenue margins for platforms based on Assets Under Management (AUM) for the same fiscal are expected to mirror FY22 figures, rounding off at approximately 48 basis points.

The forecast for net cash flows (excluding pension payments) of the platforms for FY23 is anticipated to align with the first half of the same fiscal year.

Lastly, the estimates for controllable costs are expected to range from A$745 to A$755 million, laying below the rebased A$757 million in FY22.

AMP is a wealth management company based in Australia, known for offering a range of financial planning and advisory services, banking services, and investment products.