.
Westpac Banking Corporation (ASX:WBC) has reported a 25 per cent fall in its first-half net profit.
The bank’s net profit fell to $2.97 billion on the back of a rise in bad debts and costs associated with setting up the Bank of Melbourne.
However cash profit, the bank’s preferred measure of profitability, gained 1 per cent to $3.19 billion.
CEO Gail Kelly has described as “sound” achieved amid a challenging operating environment.
Looking ahead the bank has warned funding costs are expected to remain elevated with competition intense, particularly for retail deposits.
A fully franked interim dividend of 82 cents per share has been declared.
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Last
$38.73 |
Change
0.250(0.65%) |
Mkt cap ! $132.4B | |||
| Open | High | Low | Value | Volume |
| $38.40 | $38.82 | $38.27 | $112.4M | 2.907M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 629 | $38.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.75 | 10000 | 1 |
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| Last trade - 16.11pm 15/09/2025 (20 minute delay) ? |
| WBC (ASX) Chart |