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BRIEF-Westpac Banking Corp says FY cash earnings of $7.82 bln

Published 07/11/2016, 08:02 am
Updated 07/11/2016, 08:10 am
© Reuters.  BRIEF-Westpac Banking Corp says FY cash earnings of $7.82 bln
WBC
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Nov 7 (Reuters) - Westpac Banking Corp WBC.AX

* FY net interest income $15.35 billion, up 8%

* FY cash earnings of $7,822 million, in line with prior year

* Unchanged final, fully franked dividend of 94 cents per share

* FY net interest margin was up 5 basis points to 2.13 percent

* FY profit from ordinary activities after tax attributable to equity holders down 7% to $7.45 billion

* FY revenue from ordinary activities down 3% to $20.985 billion

* "Financial system credit growth is likely to be in line with current year at around 5.5%"

* As at sept 30, 2016 common equity tier 1 capital ratio of 9.5%, down 2 basis points

* "Housing credit growth is likely to ease a little as price growth slows"

* As at 30 sept 2016, total net non performing loans $ 966 million versus $904 million as at 30 sept 2015 Source text for Eikon: ID:nASX96Jw11 Further company coverage: WBC.AX

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