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Westpac Reports Strong Earnings; Announces Cost Cutting Plan

by bondevalue | May 3, 2021 | Investment Grade Bonds

Australia’s Westpac reported strong results with first half 2021 net profits up 189% YoY to A$3.4bn ($2.6bn) and cash earnings at A$3.5bn ($2.7bn), up 256%. The rise in cash earnings also contributed to an increase in their CET1 ratio to 12.34%, up 153bp as per the...

Westpac Reports Strong Earnings; Announces Cost Cutting Plan

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