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Westpac Banking Provides 2021 Half Year Result

03 May 2021  |  07:34:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Westpac 2021 Half Year Result

Westpac Banking provided 2021 half year result. It has determined an interim dividend of 58 cps to be paid on 25 June 2021. The rise in cash earnings contributed to a further strengthening of the Group's balance sheet. The CET1 capital ratio increased by 153 basis points to 12.34% while funding and liquidity metrics are all above regulatory minimums. At 31 March 2021, the Group's average Liquidity Coverage Ratio was 124% and Net Stable Funding Ratio was 122% compared to regulatory minimums of 100% for both.

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