TMM - News
Asset sale helps as major bank wrestles with RBNZ criticism

Monday 9th of May 2022
A major asset sale has helped Westpac NZ arrest a declining profit rate and send its headline figure higher.
Trimmed operating expenses and more automation have also helped with the bank's numbers.
Meanwhile, Westpac is still hard at work dealing with stiff criticism delivered by the Reserve Bank (RBNZ) last year.
On the question of profit figures, the sale of the in...
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