Feb 17 (Reuters) - Westpac Banking Corp (WBC) on Wednesday reported a higher first-quarter profit, compared with the average of the previous two quarters, and saw a decline in stressed assets, as the Australian economy and the housing market recover from the COVID-19 pandemic.
Australia's third-largest bank said cash profit for the three months to Dec. 31 came in at A$1.97 billion ($1.53 billion), up over the quarterly average of A$808 million over the last two quarters. ($1 = 1.2887 Australian dollars)
Feb 17 (Reuters) - Westpac Banking Corp (WBC) on Wednesday...
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