Auswide Bank Ltd. (AU:ABA) has released an update.
Auswide Bank Ltd has announced a steady growth in its home loan portfolio, with a year-to-date increase of 2% and a projected net interest margin (NIM) improvement as fixed-rate loans mature and reprice. Despite challenging market conditions and high funding costs, the bank has managed operating expenses well, with an under 3% increase and has maintained a strong capital position with a low arrears level. Additionally, the bank forecasts its unaudited Net Profit after Tax to be between $10.9m and $11.3m for FY24.
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