WBC westpac banking corporation

News: WBC Australia's Westpac to take $1.44 bln impairment charge in H1 result

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    April 28 (Reuters) - Australia's Westpac Banking Corp (WBC) on Tuesday said it expects to record pre-tax impairment provisions in its first-half results of A$2.24 billion ($1.44 billion), which includes provisions for an expected jump in credit losses due to the coronavirus outbreak.

    About A$1.6 billion of the impairment charges are predominantly related to COVID-19 impacts, the country's second-largest lender said.

    The impairments are in addition to provisions of A$1.43 billion the lender announced earlier this month, mostly for an expected fine over accusations it enabled millions of illegal payments, including between known child sex offenders.

    ($1 = 1.5513 Australian dollars)

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$34.09
Change
0.430(1.28%)
Mkt cap ! $116.5B
Open High Low Value Volume
$33.89 $34.15 $33.71 $38.16M 1.122M

Buyers (Bids)

No. Vol. Price($)
32 1756 $34.08
 

Sellers (Offers)

Price($) Vol. No.
$34.09 718 9
View Market Depth
Last trade - 13.24pm 11/08/2025 (20 minute delay) ?
WBC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.