"Westpac" OR "Westpac Banking Corporation" Archives

Westpac’s Annual Profits More Than Double to $4.1bn; Margins Fall

by Amruth Sundarkumar | Nov 1, 2021 | Banks

Australia’s third largest bank Westpac reported earnings for the full year ended September with statutory net profit up 138% YoY to A$5.46bn ($4.1bn) and cash earnings up 108% YoY to A$5.35bn ($4.01bn). Despite the strong YoY growth, cash earnings missed...

Westpac to Take One-off Charge of $956mn on H2 Profits

by Amruth Sundarkumar | Oct 12, 2021 | Banks

Australian banking major Westpac said that it will take a one-off charge of AUD 1.3bn ($956mn) against its H2 profits after quitting energy trading and provisions to ‘pay out customers seeking remediation for wrongly charged fees, and costs associated with the...

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’s Annual Profits More Than Double to $4.1bn; Margins Fall

Westpac to Take One-off Charge of $956mn on H2 Profits

Westpac Reports Strong Earnings; Announces Cost Cutting Plan

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Westpac’s Annual Profits More Than Double to $4.1bn; Margins Fall

Westpac to Take One-off Charge of $956mn on H2 Profits

Westpac Reports Strong Earnings; Announces Cost Cutting Plan

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