Auswide Bank Ltd. (AU:ABA) has released an update.
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Auswide Bank Ltd has reported a significant drop in net profit after tax (NPAT) by 55.2% to $11.231 million for the fiscal year 2024, amidst a challenging economic environment marked by fierce deposit and lending competition. Despite these conditions, the bank managed to achieve a slight loan book growth and an 8% increase in customer deposits, maintaining a strong capital adequacy ratio of 14.78% to support future growth. The final dividend was announced at 11 cents per share, reflecting the subdued financial performance.
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