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Wide Bay Australia Limited (ASX:WBB) has officially changed its name to Auswide Bank effective immediately.The building society has been undergoing a rebranding exercise that will allow it to expand from its core Queensland business and diversify its business model with growth in online lending.
The change follows shareholder approval in January and APRA consent in February. The stock code is due to be updated on 7th April, the new code will be ABA.
With a deposit base of $1.8 billion, the new Auswide Bank will take its place as Australia’s tenth largest bank.
Wide Bay Australia made a net profit of $6.5 million for the first six months of the financial year.
