Old Mutual presents OM Bank retail deposit target of R 8 billion-R 10 billion for 2028

• Old Mutual targets FY 2028 banking operating profit of R 0–200 million at the UBS SA Financial Services Conference.
• The banking business posted a first-half 2026 operating loss of R 611 million, versus R 310 million a year earlier.
• Retail deposits are targeted at R 8–10 billion by FY 2028, compared with R 1.4 billion at first-half 2026.
• Gross loans are targeted at R 23–26 billion, up from R 16.4 billion.
• OM Bank's customer target is 2,500,000–2,800,000, compared with 742,000 at first-half 2026.

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