MyState Ltd

MYS: XASX (AUS)
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A$5.90GvkvjHrnhtdgjx

MyState Delivering Profit Growth but Funding Cost Disadvantages Are Evident

MyState’s result was solid, with the bank on track to meet our fiscal 2023 net profit forecast of AUD 42 million. Net interest margin, or NIM, was admittedly much weaker than we'd forecast, but larger average loan balances provided a welcome offset.

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