Australia's Westpac capital position weaker at quarter-end & More Latest News Here – Up Jobs

 

A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray/File Photo/File Photo

Register now for FREE unlimited access to Reuters.com

Aug 15 (Reuters) – Westpac Banking Corp (WBC.AX) on Monday said its capital position at the end of the fiscal third quarter was weaker, hurt by payment of an interim dividend and higher risk weighted assets (RWA) following interest rate hikes over the quarter.

Since May, the Reserve Bank of Australia (RBA) has increased its key cash rate by 175 basis points which the country’s “Big Four” lenders have passed on to their customers in full. read more

Australia’s third largest lender said CET1 capital ratio, a measure of spare cash, fell to 10.75% at the end of June from 11.3% at end of March.

Register now for FREE unlimited access to Reuters.com

Westpac said its total assets with exposure of default at the end of the quarter were A$1.213 trillion, compared to A$1.184 trillion at the end of March.

The lender did not disclose a profit figure for the quarter, but said that cash earnings were partly offset by higher deductions for capitalized software and other regulatory deductions.

Last week, larger rival Commonwealth Bank of Australia (CBA.AX) warned that spiralling cost-of-living pressures had begun to hit consumer confidence, while National Australia Bank (NAB.AX) issued yet another warning on increasing costs. read more

Register now for FREE unlimited access to Reuters.com

Reporting by Harish Sridharan in Bengaluru; editing by Diane Craft

Our Standards: The Thomson Reuters Trust Principles.

Australia’s Westpac capital position weaker at quarter-end & Latest News Update

I have tried to give all kinds of news to all of you latest news today 2022 through this website and you are going to like all this news very much because all the news we always give in this news is always there. It is on trending topic and whatever the latest news was

it was always our effort to reach you that you keep getting the Electricity News, Degree News, Donate News, Bitcoin News, Trading News, Real Estate News, Gaming News, Trending News, Digital Marketing, Telecom News, Beauty News, Banking News, Travel News, Health News, Cryptocurrency News, Claim News latest news and you always keep getting the information of news through us for free and also tell you people. Give that whatever information related to other types of news will be

Australia’s Westpac capital position weaker at quarter-end & More Live News

All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get

all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue

to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.

Australia’s Westpac capital position weaker at quarter-end & More News Today

All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward

Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links

Get Original Links Here????

Tinggalkan Balasan

Alamat email Anda tidak akan dipublikasikan. Ruas yang wajib ditandai *