Auswide Bank gains on better NIM forecast in first half of FY23

Auswide Bank

23/11/2022 03:11

** Shares of Auswide Bank Ltd  ABA.AX  rise as much as 2.2%
to A$5.69, set for its best day since Nov. 1, if gains hold
    ** Australian bank sees its net interest margin (NIM)
trending above 200 basis points (bps) in first half of FY23, as
against 199 bps a year ago  urn:newsml:reuters.com:*:nGLF2m0rlw
    **ABA also expects annualised return on equity of 9.5% in
1H23
    ** Declares a final dividend of 21 Australian Cents per
share for FY22
    **Stock down 16.6% this year, as of last close
 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com))