WBC westpac banking corporation

News: WBC Australia’s Westpac Q3 stressed loans fall slightly

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    Aug 24 (Reuters) - Australia's Westpac Banking Corp (WBC) said on Friday its stressed assets fell slightly during the third quarter as the country's second-biggest lender reported a fall in impairments in its smaller mining and New Zealand dairy portfolios.

    In a limited third quarter update, Westpac said stressed assets edged lower by 1 basis points to 1.08 percent.

    Westpac's common equity Tier-1 capital ratio also inched down to 10.4 percent at the end of June from 10.5 percent as at March 31.

 
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