Auswide bank ltd (ASX:ABA) is a small regional Australian financial services provider based in Queensland. Formerly known as Wide Bay Australia, The bank primarily serves the retail customer segment and provides the typical range of financial products including deposits, home loans, credit cards, insurance and superannuation.
Investment Summary
Stable financials, and pays a consistent dividend. Whilst riskier than the big banks, the potential returns and reward is much higher than the established financial sector.
Current Operations
Based in regional and metropolitan Queensland, Auswide Bank ltd currently provides 4 core services, Insurance, Banking services, Personal Loans, and Home Loans, to personal and business customers. home and personal loans are the focus of the company, providing more competitive loans then larger banks by virtue of its size. It has also branched out into providing a business banking service.
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