May 4 (Reuters) - Westpac Banking Corp (WBC) :
- HAS DEFERRED DECISION ON DETERMINING AN INTERIM DIVIDEND AND NO DIVIDEND WILL BE PAID IN JUNE 2020
- AS AT MARCH 31, COMMON EQUITY TIER 1 CAPITAL RATIO OF 10.8%
- HY NET PROFIT ATTRIBUTABLE DOWN 62% TO $1,190 MILLION
- HY CASH EARNINGS $993 MILLION VERSUS $3,296 MILLION
- HY NET INTEREST MARGIN 2.21% VERSUS 2.09%
- ADDITIONAL EFFECTS OF COVID-19 EXPECTED TO EMERGE IN SECOND HALF 2020
- GIVEN RECENT EVENTS, RECOVERY IN HOUSING MARKET UNLIKELY TO BE SUSTAINED
- HAS NOT RECEIVED ANY CONCERNS FROM APRA ON THE BANK’S CAPITAL POSITION
- KEPT APRA INFORMED ABOUT STRESS TESTING SCENARIOS AND CAPITAL POSITION
- BOARD WILL CONTINUE TO REVIEW DIVIDEND OPTIONS OVER COURSE OF THIS YEAR
- BOOKED AFTER-TAX COST OF $258 MILLION FOR PROVISIONS FOR ESTIMATED CUSTOMER REFUNDS & PAYMENTS ASSOCIATED COSTS AND LITIGATION IN H1
- MORTGAGE 90+ DAY DELINQUENCIES UP 5 BASIS POINTS OVER HALF WHILE 30+ DAY MORTGAGE DELINQUENCIES 23 BASIS POINTS HIGHER
Source: https://reut.rs/2W20tpP
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May 4 (Reuters) - Westpac Banking Corp (WBC) : HAS DEFERRED...
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