Auswide Bank (ASX:ABA) Credit Losses Provision : A$0.12 Mil (As of Dec. 2023)

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What is Auswide Bank Credit Losses Provision?

Auswide Bank's credit losses provision for the six months ended in Dec. 2023 was A$0.03 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.12 Mil.

Auswide Bank's quarterly credit losses provision increased from Dec. 2022 (A$-0.82 Mil) to Jun. 2023 (A$0.09 Mil) but then declined from Jun. 2023 (A$0.09 Mil) to Dec. 2023 (A$0.03 Mil).

Auswide Bank's annual credit losses provision declined from Jun. 2021 (A$0.59 Mil) to Jun. 2022 (A$-0.71 Mil) and declined from Jun. 2022 (A$-0.71 Mil) to Jun. 2023 (A$-0.73 Mil).

Auswide Bank Credit Losses Provision Historical Data

The historical data trend for Auswide Bank's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Auswide Bank Credit Losses Provision Chart

Auswide Bank Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Credit Losses Provision

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1.14

3.85

0.59

-0.71

-0.73

Auswide Bank Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															-0.40	-0.31	-0.82	0.09	0.03

Auswide Bank Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.12 Mil.

Auswide Bank (ASX:ABA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Auswide Bank Ltd (ASX:ABA) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-20 Barolin Street, Level 3, Floor 5, Bundaberg, QLD, AUS, 4670

Website

https://www.auswidebank.com.au

Auswide Bank Ltd engages in providing banking, finance products, and services to retail customers with residential lending and retail deposits. It offers loans, savings and investments, insurance, foreign exchange, and banking services. Its loan products include home, car, personal, and business term loans; business overdrafts; business lines of credit; and bank guarantees; and commercial vehicle and equipment finance. The company operates in one geographical segment which is the Commonwealth of Australia..

Auswide Bank (ASX:ABA) Headlines

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