Director, RaaS Research Group, Research as a Service (RaaS)

Research as a Service (RaaS)

Director, RaaS Research Group

Insightful Financial Models and Research Analysis

Connect to the right investors through smart and insightful financial models and research analysis.

Equity Bottom-Up

<div>
<table class="table table-striped">
<tbody>
<tr>
<td>
<div>
<p><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank">Auswide Bank Ltd (ASX:ABA) is Australia’s 10<sup>th</sup> largest bank by assets. It provides home loans, consumer and credit card lending through its national online offering, branch and broker network. ABA was formed in 1979 in Bundaberg, as Wide Bay Capricorn Building Society, following a merger of building societies founded in 1966. Wide Bay converted to a bank in 2013 - recognising the national footprint the organisation desired and the greater flexibility available as a full bank. Auswide Bank was launched in 2015 and has continued to build on the ethos of its predecessor building societies - fostering home ownership in the community by co-ordinating the joint savings of members. ABA’s history leaves the bank with 71.4% of the $3.5bn loan book from Queensland, 13.4% from NSW and 9.3% from Victoria. The recent half year result highlighted the strong momentum in the business. Assistance to customers declining from a June peak of 8.9% of the loan portfolio to only 1.1% in December, leaving loans in arrears at a historic low. In H1 FY21, ABA reported above-system growth in loans (4.7x), improved cost ratios and higher returns. The bank’s capital adequacy ratio of 13.3% meets APRA’s ‘unquestionably strong’ target. ABA’s strategic plan focuses on revenue expansion while retaining cost discipline and improving margins. Digital migration &amp; expansion will be key to this process over the 3-year plan.</a></p>
</div>
</td>
</tr>
</tbody>
</table>
</div>







Auswide Bank Ltd (ASX:ABA) is Australia’s 10th largest bank by assets. It provides home loans, consumer and credit card lending through its national online offering, branch and broker network. ABA was formed in 1979 in Bundaberg, as Wide Bay Capricorn Building Society, following a merger of building societies founded in 1966. Wide Bay converted to a bank in 2013 - recognising the national footprint the organisation desired and the greater flexibility available as a full bank. Auswide Bank was launched in 2015 and has continued to build on the ethos of its predecessor building societies - fostering home ownership in the community by co-ordinating the joint savings of members. ABA’s history leaves the bank with 71.4% of the $3.5bn loan book from Queensland, 13.4% from NSW and 9.3% from Victoria. The recent half year result highlighted the strong momentum in the business. Assistance to customers declining from a June peak of 8.9% of the loan portfolio to only 1.1% in December, leaving loans in arrears at a historic low. In H1 FY21, ABA reported above-system growth in loans (4.7x), improved cost ratios and higher returns. The bank’s capital adequacy ratio of 13.3% meets APRA’s ‘unquestionably strong’ target. ABA’s strategic plan focuses on revenue expansion while retaining cost discipline and improving margins. Digital migration &amp; expansion will be key to this process over the 3-year plan.







Auswide Bank (ABA) Strong Momentum in a Competitive Sector

Australia

Auswide Bank Ltd provides banking and financial services. The Bank offers home loans and mortgages, investment opportunities, electronic banking, insurance, credit cards, financial advisory, term deposits, business support, and foreign exchange services. Auswide Bank serves customers in Australia.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Auswide Bank (ABA AU)

Auswide Bank (ABA) Strong Momentum in a Competitive Sector

Auswide Bank Ltd (ASX:ABA) is Australia’s 10th largest bank by assets. It provides home loans, consumer and credit card lending through its...

Research as a Service (RaaS)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)