Auswide Bank Ltd (ASX:ABA) entered into an agreement to sell an unknown minority stake in MoneyPlace Holdings Pty Ltd on January 10, 2018. Auswide Bank will continue to utilize the MoneyPlace Holdings Pty Ltd platform to originate consumer finance business and seek to grow its consumer lending book The transaction is expected to complete during January 2018 and may have positive impact on full financial results of Auswide Bank Ltd.