(Bloomberg) -- Westpac Banking Corp.’s profit edged higher as pressure on margins eased and mortgage lending grew faster than the wider industry, offsetting ...
-- Westpac Banking Corp. ’s profit edged higher as pressure on margins eased and mortgage lending grew faster than the wider industry, offsetting a fragile outlook for the nation’s economy.Unaudited net profit came in at A$1.8 billion in the three months to June 30, according to a statement Monday. The credit impairment charge was lower than expected and the lender is well placed to return more capital to shareholders, analysts said.
“The primary positive for Westpac was the increase in net interest margin coupled with strong loan growth, showcasing resilience in a challenging environment,” said Junvum Kim, senior sales trader for Saxo Asia Pacific. Folks across Alberta, Saskatchewan and Manitoba will need to pay close attention to the weather Sunday, with a severe storm threat that includes a tornado chance for some locales in all three provincesThe three additional gunshot victims were exhumed along with eight others during the latest excavation in Oaklawn Cemetery in Tulsa, Oklahoma.
A nautical one-liner has been named the funniest gag at the Fringe after being chosen from a shortlist by members of the public.Acesian Partners First Half 2024 Earnings: EPS: S$0.002
Net Interest Margin Westpac Banking Corp. Mortgage Lending
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