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Westpac Banking Corporation (ASX:WBC)

ALERT: Price-sensitive ASX Announcement for WBC
Current share price for WBC : $35.150 -2.78 (-7.33%)+
Announcement
Release
10 Aug 2026 7:34AM
Price at Release
$37.930
Full Release
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Summary
The Westpac Banking Corporation's 3Q26 Investor Discussion Pack provides a comprehensive overview of the corporation's financial performance for the third quarter of 2026. Key highlights include a focus on the Australian mortgage portfolio, which saw a slight increase in investment property loans and a decrease in owner-occupied loans. The bank reported a net profit of $1.8 billion, excluding notable items, and maintained a strong capital position with a CET1 capital ratio of 12.1%. The liquidity coverage ratio was stable, although there was a slight decline in the net stable funding ratio. Credit quality remained robust, with provisions for expected credit losses being well-managed amid forecasted economic scenarios. The document also discussed the impact of macroeconomic factors on loan growth and credit quality, including modest GDP growth and stable unemployment rates.
Key Points
  • Westpac reported a net profit of $1.8 billion excluding notable items for 3Q26.
  • The CET1 capital ratio was maintained at 12.1%.
  • Investment property loans in the Australian mortgage portfolio increased.
  • Liquidity coverage ratio remained stable, net stable funding ratio slightly declined.
  • Credit quality metrics demonstrated robustness with well-managed provisions for expected credit losses.
  • Economic forecasts included moderate GDP growth and stable unemployment rates.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.