Westpac’s profit falls amid gloomy economic outlook
Statutory profit falls 6% to $467m, while it had a $154m impairment charge.
Westpac chief executive Catherine McGrath speaks with Jonathan Mitchell.
Westpac New Zealand has reported a fall in its half-year profit, as it gears up to support customers amid a slowing economy.
Its statutory net profit fell 6% to $467 million in the six months ended March 31.
Mortgage lending was up 5%, business lending up 4%, customer deposits increased 2%, while it
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