WBC westpac banking corporation

News: WBC Westpac Banking Corp H1 cash earnings up 3 percent

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

    • HY cash earnings $4,017 million, up 3%
    • HY reported net interest margin decreased 4 basis points to 2.05%
    • HY statutory net profit $3,907 million, up 6%
    • 94 cents per share interim, fully franked dividend
    • "We remain positive about Australian housing market, although we expect price growth to moderate through 2017"
    • "2017 financial system credit is expected to grow at around 5.5%"
    • H1 2017 Common Equity Tier 1 Ratio (APRA BASEL III) 9.97 percent versus 10.47 percent
    • "Housing credit growth is likely to ease a little as demand slows"
    • HY net interest income $7,693 million versus $7,653 million
    • H1 2017 cash earnings return on average ordinary equity 13.95 percent versus 14.15 percent last year
 
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