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Westpac’s Banking Corporation's (ASX:WBC) chief executive Gail Kelly plans to lead it for at least the next three years.
She says the bank would contemplate cutting lending rates, independently of the Reserve Bank, once funding costs ease in the next few years.
She plans to remain with the bank as it moves forward with its new customer-focused retail banking strategy.
Westpac posted a full year net profit of $6.4 billion to the end of September.
News: Westpac CEO Kelly to stay
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