Auswide Bank (ASX:ABA) Presentation, FNN Investor Event, November 2017, Sydney

Company Presentations

Auswide Bank (ASX:ABA) Managing Director, Martin Barrett, discusses the company's FY17 Results, loan book and strategy.

Auswide Bank (ASX:ABA) Managing Director, Martin Barrett presents at FNN Investor Event on growth outside its QLD base, peer-to-peer lending and credit quality.

Highlights:

· Auswide Bank (ASX:ABA) formed in 1966 was formerly known as Wide Bay Australia. It was Australia’s 10th bank listed on the Australian Securities Exchange. Its head office is in Bundaberg, Queensland.

· Now has about $3.6 billion in assets and loans under management

· Acquired controlling interest in MoneyPlace in 2017

· Loan book around Australia

· Outlook:
o home loan growth to see strong second half
o Mortgage lending book to grow by 5%

· Financials:
o Statutory profit up 30% to $15.149m in FY17 on FY16, underlying rose 11.4%.
o Underlying costs to income ratio down to 3.5%
o Underlying return on equity 7.2%
o Total dividend 31cents per share. 

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