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BRIEF-Westpac Posts FY Cash Earnings $2,608 Million

Published 02/11/2020, 07:50 am
Updated 02/11/2020, 07:54 am
© Reuters.
WBC
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Nov 2 (Reuters) - Westpac Banking Corp WBC.AX :

* FY CASH EARNINGS $2,608 MILLION VERSUS $6,849 MILLION

* ANNOUNCES FINAL DIVIDED OF 31 CENTS PER SHARE

* FY NET INTEREST INCOME $17,086 MILLION VERSUS $16,953 MILLION

* AS AT SEPT 30, COMMON EQUITY TIER 1 CAPITAL RATIO OF 11.13%

* FY NET INTEREST MARGIN 2.03% % VERSUS 2.12%

* FY NET INTEREST MARGIN 2.03% % VERSUS 2.12%

* AT PEAK, AROUND $60 BILLION IN MORTGAGES WERE IN DEFERRAL, THIS HAS SUBSEQUENTLY DECLINED TO $22 BILLION

* SINCE H1, CO HAS MORE CONFIDENCE IN OUTLOOK DUE TO LOWER REPAYMENT DEFERRALS FROM THEIR PEAK, BETTER ECONOMIC FUNDAMENTALS

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