SYDNEY, Feb 21 (Reuters) - Westpac Banking Corp (WBC) said on Tuesday its level of stressed assets fell slightly in the three months to Dec. 31 after a rise in dairy, oil and metals prices boosted the quality of its portfolio.
Australia's No. 2 bank by market value said stressed exposures as a percentage of total loans fell by 5 basis points to 1.15 percent in the first quarter of its financial year.
Bad debt charges remained steady with the quarter that ended Sept. 30 and were lower than the same time a year ago. Mortgage delinquencies were unchanged overall, although a rise was reported in the mining-focused state of Western Australia.
Westpac did not disclose profit or revenue numbers in its limited first-quarter update.
The bank's common equity Tier-1 capital ratio slipped to 9.3 percent at the end of December from 9.5 percent in September due to the timing of its dividend payment to shareholders but remained above its preferred range of 8.75 to 8.25 percent.
News: WBC Australia's Westpac reports 1Q fall in stressed assets
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$37.95 |
Change
-0.340(0.89%) |
Mkt cap ! $129.8B | |||
| Open | High | Low | Value | Volume |
| $38.18 | $38.19 | $37.74 | $115.1M | 3.035M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13 | $37.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.00 | 6435 | 8 |
View Market Depth
| Last trade - 16.10pm 11/09/2025 (20 minute delay) ? |
| WBC (ASX) Chart |