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Auswide Bank Announces Underwritten Dividend Reinvestment Plan (DRP)

Auswide Bank Ltd (ASX:ABA) released FY16/17 financial results to the market on 18 August 2017. The Board have resolved to reinstate the DRP for the final dividend for the half year ended 30 June 2017.

Auswide Bank’s Managing Director, Martin Barrett said “The Plan provides our shareholders with the opportunity to participate in further ownership of the Bank as the organisation continues to grow. While our Tier 1 capital remains the strongest of the listed banks, capital strength for growth, regulatory changes and resilience remain priorities for the Auswide Bank Board. Our investment in new businesses, technology, rebranding and business transformation is contributing to our momentum.”


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