UPDATE: Westpac NZ delivers 15% lift in first-half net profit

Mon, 06 May 2019

(Updates with comment from David McLean from 5th par) By Jenny Ruth May 6 (BusinessDesk) - Westpac New Zealand will have brought a note of cheer to its parent’s dismal results as fixing problems revealed by the royal commission into financial services continue to dog the Australian bank. Westpac NZ lifted first-half net profit 15 percent to $509 million but its Australian parent reported a 24 percent drop in net profit to A$3.2 billion for the six months ended March. New Zealand chief executive David McLean says his bank benefited f...

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