5 days ago
Westpac Profit Edges Higher on Loan Growth
Hello everyone, it's Ben here on a crisp Melbourne morning. This is what's making headlines today.
Today's must-reads:
• Westpac profit gains off business lending growth
• Buyer fatigue growing in Australian bonds
• Is the world's green hydrogen dream fizzling out?
Westpac's profit edged up in the third quarter as business and institutional loan growth buoyed the Australian lender. Unaudited net profit came in at A$1.9 billion in the three months to June 30, while the firm reported a net interest margin of 1.99%.
