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Westpac Posts $1.7bn Profit, Boosts Loans Amid Rate Pressures
7:31am on Monday 17th of February, 2025 AEDT
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Banking
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Westpac Posts $1.7bn Profit, Boosts Loans Amid Rate Pressures
7:31am on Monday 17th of February, 2025 AEDT
Key Points
Unaudited net profit of $1.7 billion for 1Q25
3% profit increase excluding notable hedge accounting items
Customer deposits grew by $14.4 billion; loans up $13.4 billion
Common Equity Tier 1 (CET1) capital ratio at 11.9%, above target range
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