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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 26.42 AUD | +1.50% |
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+2.84% | +15.37% |
| May. 01 | Australia banks face profit squeeze on rising costs, mortgage competition | RE |
| Apr. 30 | Australian bank Westpac extends moratorium on regional branch closures till 2027 | RE |
(Reuters) - Australia's no. 3 lender Westpac Banking Corp reported an uptick in its debt arrears in third-quarter due to high interest rates and sticky inflation, while also posting a fall in its capital levels.
The bank said that its mortgages with more than 90 days late rose 0.80% in the three-months ended June for the country, in a update which did not include any cash earnings number.
The bank further reported cash profit of A$1.8 billion ($1.15 billion) for the third quarter ended June on account of higher earnings and margin management.
($1 = 1.5630 Australian dollars)
(Reporting by Riya Sharma and Archishma Iyer; Editing by Mark Porter and Diane Craft)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 115.2 AUD | +0.20% | +1.98% | 127B | ||
| 61.52 USD | +0.84% | -1.82% | 117B | ||
| 34.4 AUD | +0.35% | +2.66% | 70.39B | ||
| 26.42 AUD | +1.50% | +2.84% | 60.59B | ||
| 1st Jan change | Capi. | |
|---|---|---|
| +15.37% | 60.59B | |
| +12.00% | 547B | |
| +10.60% | 291B | |
| +12.04% | 250B | |
| +21.78% | 209B | |
| +17.11% | 171B | |
| +11.40% | 169B | |
| +11.01% | 164B | |
| +3.27% | 143B | |
| -11.10% | 139B |
WESTPAC BANKING CORPORATION 
