Main takeaway: Westpac holds ground in competitive market with ambitions to grow beyond being the country’s fourth-largest Aussie-owned bank.
Westpac has maintained healthy profit and revenue levels but is still not satisfied with being the fourth largest of the ‘Big Four’ Australian-owned banks.
New Zealand banking group net profit rose 1% to $565 million in the six months ended March 31, compared with $562m last year.
