Westpac mum on dropping CoFI, working through ComCom study
Watchdog’s probe of the sector is well under way and incoming government plans changes too.
WATCH: Westpac NZ chief executive Catherine McGrath speaks with Jonathan Mitchell.
Westpac is actively working with the Commerce Commission on the market study into the sector and has reinforced its view there is robust competition among banks.
It released its full-year results yesterday , which showed an 18% fall in the retail bank’s net profit to $963 million.
Overall, the
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