Auswide Bank (ASX:ABA) 1H18 Results


by Jessica Amir

Auswide Bank Limited (ASX:ABA) CEO Martin Barrett provides an update on the company's 1H18 results and outlook.

Auswide Bank Ltd (ASX:ABA) has operated for over 50 years and is Australia’s tenth bank with assets under management of over $3 billion. We offer an extensive range of finance and banking products to help our customers realise their financial dreams. Originating in regional Queensland, we now have an Australia-wide lending presence supported through branches, business bankers, accredited mortgage brokers and online.

With a market cap of approximately $230 million it’s now enjoying some gold growth as it leverages its investment and continues to set itself apart from the big banks in terms of its service proposition.

With pleasing half year results, net profit after tax (NPAT) from continuing operations is up 15.4 per cent on the same time last year. EPS improved to 20.37 per cent. Capital is very strong and continues to be amongst the strongest stock of the listed banks and gives plenty of opportunity for growth for the future.

Watch interview with Martin Barrett to learn more. 


Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.