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Hot Topic EARNINGS
Hot Topic EARNINGS
General Business
2 mins to read

Westpac takes $A1.6b Covid-19 hit

Bank indicates no need to raise capital.

NBR staff
Tue, 28 Apr 2020

Westpac’s Australian parent has announced a $A2.2 billion impairment charge ahead of its half-year result next week but said it was “well positioned” to absorb the loss.

Rival National Australia Bank yesterday said it was raising $A3.5b to boost its capital after reporting credit

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NBR staff
Tue, 28 Apr 2020
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Westpac takes $A1.6b Covid-19 hit
General Business,
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