Australia's Auswide Bank hits over 3-year low as half-year NIM falls

Auswide Bank

22/11/2023 01:09

** Shares of Auswide Bank  ABA.AX  fall as much as 2.83% to
A$4.975, their lowest since Nov 2, 2020
    ** Australian bank says net interest margin (NIM) fallen to
1.52% as at Oct 31, from 1.77% for the half year to June 23
    ** Says margins will improve into second half
    ** 88,557 shares change hands at 0053 GMT, 4.8 times the
30-day average volume
    ** Stock down ~14% this year as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))