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May 03 2021, 5:51 PM
May 03 2021, 3:09 AM
May 03 2021, 5:51 PM
(Bloomberg) Westpac Banking Corp.âs half-year profit climbed as a continued recovery in the nationâs economy drove a further reduction in pandemic loan-loss provisions at Australiaâs second-largest lender.
(Bloomberg) Westpac Banking Corp.âs half-year profit climbed as a continued recovery in the nationâs economy drove a further reduction in pandemic loan-loss provisions at Australiaâs second-largest lender.
Cash earnings rose to A$3.5 billion ($2.7 billion) in the six months through March 31, compared with A$993 million in the same period a year earlier, the Sydney-based bank said in a statement Monday. That beat the A$3.4 billion average estimate of three analysts surveyed by Bloomberg. The firm will pay a 58 Australian cent interim dividend.