AMP Bank Limited has secured a one-year A$500 million residential mortgage warehouse funding facility from Bank of Tokyo-Mitsubishi UFJ (BTMU), a subsidiary of Japan’s largest financial company, the Mitsubishi UFJ Financial Group (MUFG).

The warehouse will be used to enhance AMP Bank’s funding options for its growing portfolio of high quality residential mortgages.

In 2012, AMP entered into a strategic business and capital alliance with another MUFG subsidiary, leading Japanese trust bank, Mitsubishi UFJ Trust and Banking Corporation (MUTB).