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Westpac’s 2025 Interim Profit Dips 1% Amid Digital and Sustainability Push
3:26am on Monday 2nd of June, 2025 AEST
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Financial Services
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Westpac’s 2025 Interim Profit Dips 1% Amid Digital and Sustainability Push
3:26am on Monday 2nd of June, 2025 AEST
Key Points
Net profit of AUD 3.317 billion, down 1% year-on-year
Net interest income up 2%, supported by loan growth and stable margins
Operating expenses rose 6% due to staff costs and UNITE transformation investment
Credit impairment charges decreased to AUD 250 million, reflecting sound credit quality
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