WBC westpac banking corporation

News: WBC Westpac Sees Notable Items Affecting 2H21 Results Of A$1.3 Bln

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    Oct 12 (Reuters) - Westpac Banking Corp (WBC) :

    • NOTABLE ITEMS AFFECTING 2H21 RESULTS OF A$1.3BN
    • NOTABLE ITEMS AFTER TAX INCLUDE A A$965M WRITE-DOWN OF ASSETS IN WESTPAC INSTITUTIONAL BANK (WIB) FOLLOWING THEIR ANNUAL IMPAIRMENT TEST
    • REPORTED NET PROFIT AND CASH EARNINGS IN 2H21 WILL BE REDUCED BY A$1.3 BILLION (AFTER TAX) DUE TO NOTABLE ITEMS
    • IN AGGREGATE ITEMS ARE ESTIMATED TO REDUCE GROUP'S CET1 CAPITAL RATIO BY AROUND 15 BASIS POINTS
    • NOTING THAT WRITE-DOWN OF GOODWILL AND CAPITALISED SOFTWARE HAS NO NET IMPACT ON REGULATORY CAPITAL AS THEY ARE ALREADY CAPITAL DEDUCTIONS
    • NOTABLE ITEMS AFTER TAX INCLUDE ADDITIONAL PROVISIONS FOR CUSTOMER REFUNDS, PAYMENTS, ASSOCIATED COSTS, AND LITIGATION PROVISIONS OF A$172M
 
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(20min delay)
Last
$38.17
Change
-0.120(0.31%)
Mkt cap ! $130.5B
Open High Low Value Volume
$38.22 $38.49 $38.02 $30.29M 792.5K

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No. Vol. Price($)
10 2115 $38.15
 

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Price($) Vol. No.
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