Feb 3 (Reuters) - Westpac Banking Corp (WBC) :
- Q1 NET INTEREST MARGIN 1.91%%
- Q1 CASH EARNINGS OF A$1.58BN
- WESTPAC SEES COSTS (EXCLUDING NOTABLE ITEMS) LOWER IN FY22 AND DECLINE FURTHER THROUGH YEAR
- QTRLY IMPAIRMENT CHARGE OF A$118M
- REMAINS COMMITTED TO ITS A$8BN COST TARGET BY FY24
- GIVEN COVID-19, SUPPLY CHAIN DISRUPTIONS AND REDUCED ACTIVITY IN CERTAIN SECTORS, CONSIDER IT PRUDENT TO INCREASE PROVISIONS
- AT DEC 31, CET1 CAPITAL RATIO 12.2%
- 1Q22 STATUTORY NET PROFIT A$1,815 MILLION
- ENVIRONMENT HOWEVER REMAINS HIGHLY COMPETITIVE, AND WE CONTINUE TO SEE PRESSURE ON MARGINS
- NET INTEREST MARGINS ARE EXPECTED TO DECLINE FURTHER THROUGH FY22
- EXPECT THE INCREASE IN LIQUID ASSETS NEEDED TO OFFSET THE RUNDOWN IN THE CLF TO BE LARGELY COMPLETE BY THE END OF MARCH 2022
- CONTINUES TO WORK WITH APRA ON PREVIOUSLY DISCLOSED REGULATORY BREACHES IN RELATION TO ADVANCED MEASUREMENT APPROACH
- INTENDS TO PROVIDE AN UPDATE ON ITS OPERATING RANGE FOR CET1 CAPITAL RATIO WITH ITS 1H22 RESULTS
Feb 3 (Reuters) - Westpac Banking Corp (WBC) : Q1 NET INTEREST...
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Last
$33.72 |
Change
0.530(1.60%) |
Mkt cap ! $115.3B | |||
| Open | High | Low | Value | Volume |
| $33.13 | $33.76 | $33.00 | $130.5M | 3.883M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $33.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.74 | 326 | 1 |
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| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| WBC (ASX) Chart |