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Westpac Reports Solid Lending Growth and RAMS Sale Progress Despite Geopolitical Risks
8:10am on Tuesday 14th of April, 2026 AEST
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Financials
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Westpac Reports Solid Lending Growth and RAMS Sale Progress Despite Geopolitical Risks
8:10am on Tuesday 14th of April, 2026 AEST
Key Points
Lending and deposits grow 4% and 3% respectively in 1H26
Core net interest margin remains stable excluding rate rise timing effects
Credit provisions rise due to energy sector risks and geopolitical uncertainty
RAMS mortgage portfolio sale on track, with $75 million transaction cost impacting profits
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Westpac Banking (ASX:WBC)
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