Baker's dozen: Westpac NZ hikes FY profit by 13%

(Image: Deposit Photos)

Mon, 03 Nov 2025

Westpac New Zealand posted an improved full-year net profit of $1.2 billion, up 13% from $1.06b a year earlier, in part thanks to a favourable swing in impairment provisions.“This result positions us well to support customers through what we think will be an economic upturn over the coming year,” said Westpac NZ chief executive Catherine McGrath.“We are investing heavily in our business to deliver better services for customers and communities,” she said in the results statement.Net operating income totalled $3.09b in the...

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