SYDNEY—Westpac Banking Corp. said Wednesday its full year net profit rose 10% helped in part by a decline in impairment charges, while the company signaled it will continue to be vigilant about costs in what it expects to be a subdued environment for credit growth.
Although the bank moved quickly to pass on a 0.25 percentage point rate cut to mortgage holders after the central bank cut rates on Tuesday, Chief Financial Officer Philip Coffey said ...
SYDNEY—Westpac Banking Corp. said Wednesday its full year net profit rose 10% helped in part by a decline in impairment charges, while the company signaled it will continue to be vigilant about costs in what it expects to be a subdued environment for credit growth.
Although the bank moved quickly to pass on a 0.25 percentage point rate cut to mortgage holders after the central bank cut rates on Tuesday, Chief Financial Officer Philip Coffey said ...
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