News Centre

Read the latest media releases, announcements and social responsibility news from Teachers Mutual Bank Limited.

Teachers Mutual Bank Limited reaches $12.3 billion RIAA Certified products in FY2023

Teachers Mutual Bank Limited (TMBL) has reached a new milestone, recording  the cumulative total of all wholesale and retail assets and liabilities on the balance sheet that are RIAA Certified products is $12.3 billion, this is 51.7% Assets and 64.7% of Liabilities as at 30 June 2023. 

Data and Trends

  • In the 12 months to 30 June 2023, Teachers Mutual Bank Limited’s total RIAA Certified products increased by 14% ($1.46 billion) from $10.8 billion to $12.3 billion.
  • In the 24 months to 30 June 2023, total RIAA Certified products increased by 48% ($3.9 billion) from $8.3 billion to $12.3 billion.
  • In the 36 months to 30 June 2023, total RIAA Certified products increased by 172% ($7.16 billion) from $4.5 billion to $12.30 billion.
  • In the 48 months to 30 June 2023, Certified RIAA retail mortgage and deposit products increased by 44% ($3.4 billion) from $7.7 billion to $11 billion.
  • Since the retail products were Certified by RIAA on 1 December 2018, RIAA Certified retail mortgage and deposit products increased from zero to $11 billion in 4 years.
  • The breakdown of RIAA Certified products on the balance sheet is 51.70% (assets) and 64.70% (liabilities) as of 30 June 2023.

More information: 

TMBL Responsible Investment and RIAA November 2023