WBC westpac banking corporation

News: WBC Westpac Completes Sale Of Life Insurance Business To TAL

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    Aug 1 (Reuters) - Westpac Banking Corp (WBC) :

    • WESTPAC - WESTPAC COMPLETES SALE OF LIFE INSURANCE BUSINESS TO TAL
    • WESTPAC - COMPLETION OF TRANSACTION ADDS APPROXIMATELY 17 BPS TO WESTPAC'S COMMON EQUITY TIER 1 CAPITAL RATIO
    • WESTPAC - EXPECTS A TOTAL AFTER TAX LOSS ON SALE OF ABOUT A$1.37 BILLION OF WHICH A$0.27 BILLION WAS INCURRED IN GROUP'S FINANCIAL YEAR 2021
    • WESTPAC - WILL GET ONGOING PAYMENTS UNDER EXCLUSIVE 20-YEAR STRATEGIC ALLIANCE FOR PROVISION OF LIFE INSURANCE PRODUCTS TO CO'S AU CUSTOMERS
    • WESTPAC - IN YEAR 2022 RESULTS, A LOSS OF APPROXIMATELY A$1.10 BILLION AFTER TAX WILL BE CLASSIFIED AS A NOTABLE ITEM
 
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Change
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