Westpac’s yearly profit declines as home loans encounter rivalry from competitors.
Westpac Bank’s Annual Results: A Mixed Bag On November 3, Australia’s Westpac Bank reported its annual profit, revealing that loan volumes dipped slightly to A$7 billion (about $4.55 billion). This was unexpected, particularly as the bank navigates stiff competition from larger players in the home lending market. The bank, which is the third-largest by market […]