Westpac Financial Performance Update
23 |
Stable and high quality liquid assets
Liquid assets ($bn)
15.0
HQLA RMBS
Liquid assets as % short term funding
240%
10.0
4.0
4.0
160%
4.0
4.0
4.0
4.0
209%
193%
5.0
80%
157%
140%
7.1
7.2
7.9
8.1
136%
150%
6.9
6.8
0.0
0%
FY11
FY12
FY13
FY14
FY15
1H16
FY11
FY12
FY13
FY14
FY15
1H16
Liquid assets composition (%)
13%
33%
11%
10%
11%
Cash
Due from other financial institutions
NZ Government Securities
17%
NZ Local securities
Supranational securities
NZ Corporate & Bank securities
RMBS
Commentary
High quality, diversified portfolio of RBNZ repo eligible
liquid assets
➤ The core liquid asset portfolio has remained relatively
stable in recent years
➤Liquid asset coverage of short term wholesale maturities
includes cover for June Covered Bond maturity (NZD2bn)
Liquid assets provide 60 months coverage of offshore
maturing debt
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