Auswide Bank accelerating loan book growth in H2 FY19

Company News

by Anna Napoli

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$5.195 -$0.004 -0.08%
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Last Updated: 17/06/2019 10:14 AM

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.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.