Westpac NZ defends $1b profit to help ride economic uncertainty
Westpac lifts full-year profit after sale of Life division.
Westpac chief executive Catherine McGrath speaks with Jonathan Mitchell.
Westpac New Zealand has defended its $1 billion net profit, saying strong banks are needed to ride any economic storms.
Its net profit in the year to September 30, 2022, was up 12% to $1.05 billion, compared with $931 million in the previous year.
Meanwhile, its cash earnings – used by the bank to
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly
credit card debit
Premium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly
credit card debit
Premium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly
credit card debit
Premium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly
credit card debit
Yearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
