Westpac Bank annual net profit slides seven percent

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Westpac Bank annual net profit slides seven percent

Australian banking giant Westpac posted a seven percent slide in annual net profit Monday on the back of market headwinds and impairment charges but said it was well positioned with a strong balance sheet. Westpac's Aus$7.45 billion (US$5.72 billion) result in the year to September 30 rounded out annual reporting from three of the nation's big four lenders, with all battling regulatory changes and rising bad loans.
Westpac's Aus$7.45 billion (US$5.72 billion) result in the year to September 30 rounded out annual reporting from three of the nation's big four lenders, with all battling regulatory changes and rising bad loans


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18 comments on “Westpac Bank annual net profit slides seven percent

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