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Westpac Posts Resilient 1Q25 Profit Amid Capital Strength and Credit Stability
7:49am on Monday 2nd of June, 2025 AEST
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Banking
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Westpac Posts Resilient 1Q25 Profit Amid Capital Strength and Credit Stability
7:49am on Monday 2nd of June, 2025 AEST
Key Points
Net profit of $1.7 billion, down 9% but up 3% excluding notable items
CET1 capital ratio at 11.9%, exceeding target operating range
Net interest margin slightly declined to 1.82%
Impairment charges remain low at 5 basis points of average loans
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