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Westpac Banking Corporation Provides 3Q 2021 Capital, Funding and Credit Quality Update

17 Aug 2021  |  07:40:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: WBC 3Q21 Capital, Funding & Asset Quality Update

Westpac Banking Corporation provided capital, funding and credit quality update for the 3 months ended 30 June 2021. It reported CET1 ratio of 12.0% compared to 12.3% at March 2021, lower from dividend payment and higher RWA. Deposit to loan ratio is 80.2%, compared to 79.8% at March 2021. Forum Finance alleged fraud included as an IAP in 3Q 2021. It announced sales of Motor Vehicle Finance, NZ Life insurance and Australian Life business.

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