TMM - News

Westpac loan impairments soar to $211 million

Monday 4th of May 2020

The stark figures came as the big four bank outlined its half-yearly results, covering the period up to March 31.

The period coincided with the early stages of the Covid-19 outbreak. Westpac believes the ongoing crisis will lead to a significant hit on its profits and loan book as the full picture becomes clear.

In a statement, the bank said "a significant increase in expec...

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