WBC westpac banking corporation

News: WBC Westpac Says New APRA Proposal Represents Around $13 Bln Of Additional Capital

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    July 9 (Reuters) - Westpac Banking Corp (WBC) :

    • BASED ON WESTPAC'S RWA OF $420 BILLION AT 31 MARCH 2019, THIS REPRESENTS AROUND $13 BILLION OF ADDITIONAL CAPITAL
    • NOTES APRA'S ANNOUNCEMENT ON LOSS-ABSORBING CAPACITY
    • BULK OF ADDITIONAL CAPITAL IS EXPECTED TO BE RAISED THROUGH TIER 2 CAPITAL
    • IT IS TOO EARLY TO DETERMINE ACTUAL TOTAL COST TO WESTPAC

    Source text: http://bit.ly/2XFJIDn

    (([email protected];))

 
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Last
$38.17
Change
0.270(0.71%)
Mkt cap ! $130.5B
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