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Westpac New Zealand announces strong financial result
Westpac New Zealand (Westpac NZ)[i] says a strong half-year financial result has been driven by better than expected economic conditions.
Chief Executive David McLean said while the global COVID-19 pandemic was far from over, the financial effect on New Zealand had not been as significant as earlier feared.
“A year ago the outlook was very uncertain, with health, social and economic outcomes hanging in the balance.
“Thankfully, New Zealand has so far avoided the worst effects of the global pandemic, largely thanks to decisive leadership from the Government, and we are now cautiously optimistic.