Westpac’s bottom line rescued by write-backs, second-half improvement
Dairy sector improvement may lead to further writebacks.
Hot Topic
Hawke’s Bay
Westpac appears to have been doing it tough over the last year because earnings were flat and, without a hefty contribution from recovered bad debts, would have gone backward.
The bank reported core earnings of $1.28 billion, down 0.3%, before write-backs of charges for bad debts of $76 million
Want to read more? It's easy.
Choose your best value subscription option
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 debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Jenny Ruth
Tue, 07 Nov 2017
Tue, 07 Nov 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Westpac’s bottom line rescued by write-backs, second-half improvement
71390