Aug 21 (Reuters) - Westpac Banking Corp (WBC) :
- Q3 UNAUDITED NET PROFIT A$1.8BN
- Q3 CORE NIM 1.86%
- AT QUARTER END, CET1 RATIO 11.9%
- Q3 GROUP NIM 2.06%
- CREDIT QUALITY WAS RESILIENT IN 3Q23
- DEPOSIT TO LOAN RATIO IMPROVED TO 84.1% IN Q3
- EXPENSES FOR SECOND HALF 2023 TO DATE ARE UP APPROXIMATELY 5% COMPARED TO 1H23
- QTRLY RATIO OF COLLECTIVELY ASSESSED PROVISIONS TO CREDIT RISK WEIGHTED ASSETS UP 4 BASIS POINTS TO 1.37%
- COMMITTED TO COST DISCIPLINE WITH RECENT COST RESET ACTIONS DRIVING FULL TIME EQUIVALENT EMPLOYEE REDUCTION OF 2% FOR SECOND HALF 2023 TO DATE
- EXPENSES FOR SECOND HALF 2023 TO DATE ARE UP ABOUT 5% COMPARED TO 1H23
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Aug 21 (Reuters) - Westpac Banking Corp (WBC) : Q3 UNAUDITED...
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