Auswide Bank: History, Challenges, and Social Responsibility

Auswide BankName of Student:
Name of professor:
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The profitability achievable for banks operational in Australia
depends on their productivity regardless of the challenges faced
in the course of their operations.
However, Auswide Bank’s efforts have led to its accumulation of
assets valued at more than $3 billion with an Australian Securities
exchange ranking.
The presentation endeavors to focus on the history and social
responsibility efforts of Auswide Bank and how it is impacted by
the challenges facing the Australian banking sector.
Introduction

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 The operations of the Burnett Permanent Building Society –
which is considered as the roots of Auswide Bank-
commenced in 1966.
The Wide Bay Capricorn Building Society came into existence
in 1979 owing to the amalgamation of the Maryborough
Permanent Building Society to its counterpart Burnett Permanent.
Mackay Permanent Building Society Limited which was ASX-
listed formed a merger with Wide Bay Australia which later on
resulted in the Auswide Bank in 2015.
Auswide Bank History

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Currently, Auswide Bank is facing an increased scrunity
owing to extensive legal as well as regulatory oversight.
Moreover, the growth anticipated by the bank with respect to
its dividends is extensively subdued.
Hence, the challenge presented pertains to ensuring that the
approach relied on is more consumer centric to ensure that
disruptions portended by various digital technologies which
are disruptive are overcome.
Auswide Bank Challenges of having a head
office in regional Australia