Half Year 2024 Auswide Bank Ltd Earnings Call Transcript

Feb 25, 2024 / 11:00PM GMT
Operator

Ladies and gentlemen, thank you for standing by. I would like to welcome everyone to the H1 FY '24 Financial Results Teleconference Call. (Operator Instructions)

I will now hand the call over to Greg Kenny, Interim Managing Director and CEO. You may begin your conference.

Gregory Kenny - Auswide Bank Ltd - Interim Chief Executive Officer, Managing Director, Director

Good morning, everyone, and welcome to the results announcement for Auswide Bank for the first half of the financial year. My name is Greg Kenny and I'm the Interim Managing Director of Auswide Bank; Bill Schafer, the Chief Financial Officer and Company Secretary, joins me this morning and I'll hand over to Bill shortly to present our financial results for the year.

Auswide has experienced a challenging start to the financial year with intense competition for both home loans and customer deposits. We have seen elevated refinancing activity across the banking industry as knowledgeable customers are released from low fixed rate home loans and seek out the best available rates in the

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