WBC 2.49% $30.40 westpac banking corporation

dissapointing, page-19

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    BuyandHold

    What you have said is correct, as are my comments. By incurred, I mean that the impairment event has occurred. Incurred as against "future losses" which used to be allowed.

    For credit cards etc, the impairment event is likely to be unemployment and we have only just started to see this increase.
 
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