Westpac Group profit bounces to $1.2b, business lending up
Westpac CEO Catherine McGrath refuted the suggestion that the big banks were engaged in a cosy pillow fight.
Westpac reported an upbeat result today.
Westpac’s annual profit has climbed as its revenue and margins expanded, as did its lending book.
Group net profit rose 16% to $1.2 billion in the year ended September 30, compared with just over $1b last year.
Westpac reported a significant drop in impairment charges compared with the previous
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