Auswide Bank (ASX:ABA) has announced its loan book growth has accelerated in the second half of FY19 with annualised growth of 6 per cent projected.
The Queensland owned bank says its net interest margin has improved in the second half following strong management of funding and lending margins.
Based on current trading results, Auswide expects there will be a small increase in the final dividend payable in respect of the second half of FY 2019 when compared to the year earlier period.
Auswide says its brand awareness is improving following the Queensland Maroons partnership which is receiving positive feedback from our customers, brokers and local communities.
Shares in Auswide Bank (ASX:ABA) are trading 2.66 per cent higher at $5.01.