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Westpac NZ the latest bank to report a big profit

Westpac has had a strong year for lending and deposit growth.

Dane Ambler Mon, 05 Nov 2018

Westpac New Zealand has reported a statutory net profit of $936 million for the 12 months to September 30, a 3% rise on last year [$909m] due to strong deposit and lending growth.

Meanwhile, the bank's preferred measure, “cash earnings,” rose 5% to $1.01 billion.

The bank's operating

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Contact the Writer: dane@nbr.co.nz
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Westpac NZ the latest bank to report a big profit
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