News & Analysis » Asia
Westpac Banking Posts Q3 Cash Earnings Of A$1.4 Bln - Quick Facts
August 23, 2010, Monday, 09:15 GMT | 04:15 EST | 13:45 IST | 16:15 SGT
(RTTNews) - Westpac Banking Corp. (WBK) reported third quarter cash earnings of A$1.4 billion.
Total revenues was about 1% lower than the previous quarter, with lower Treasury and Markets income, and lower revenues in its retail and business banking arms.
The company stated that stabilised asset quality leading to further easing in impairment charges to around A$300 million for the quarter, down from a quarterly average of A$800 million in 2009.
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