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 is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.