The ability to support customers withstand and recover from major disruptions is a critical factor in delivering our purpose to make a difference for our customers, shareholders and community.
During recent weather events that impacted a number of local communities and the ongoing impacts of COVID-19 we understood our responsibilities to help our customers and communities thrive, by providing access to financial services that facilitate a healthy economy.
We did this through provision of hardship support packages and providing customers with the products and services needed to flexibly adapt to the changing economic conditions, when need arises.
Auswide Bank continues to monitor the credit quality of the portfolio to assess economic impacts by completing ongoing scenario modelling and detailed portfolio analysis to assess the required provisioning levels and potential credit quality impacts, due to the shifting economic landscape.
Auswide Bank has processes and systems in place to ensure we respond quickly to unprecedented circumstances. This has been built using past experiences and the impacts this has had on the Bank. We continue to develop scenario models to identify potential risks to our business under a range of different economic outcomes. Our strong levels of capital and liquidity see us well positioned to manage a range of scenarios.
We’re here to help.