WBC westpac banking corporation

News: WBC Westpac Says Expecting Mortgages To Remain Very Competitive In 2H23

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    May 8 (Reuters) - Westpac Banking Corp (WBC) :

    • CORE NIM PEAKED IN OCT-22
    • EXPECTING MORTGAGES TO REMAIN VERY COMPETITIVE IN 2H23
    • SEES HIGHER EARNINGS ON CAPITAL IN 2H23
    • START 2H23 WITH SOUND CREDIT QUALITY
    • EXPECT SOME DETERIORATION IN CREDIT METRICS IN 2H23
    • MOVING AWAY FROM FY24 ABSOLUTE COST TARGET
    • SEEKS TO OPERATE WITH A CET1 CAPITAL RATIO OF BETWEEN 11.0% TO 11.50% IN NORMAL OPERATING CONDITIONS
    • 2H23 TERM ISSUANCE EXPECTED TO BE BELOW 1H23
 
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$33.99
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