Investor Presentaiton
Commercial property
Sectors in focus: commercial property.
TCE ($bn)
Lending ($bn)
Sep-21
Mar-22
Sep-22
8
70.0
74.3
76.1
6
51.7
56.5
60.0
4
6.22
6.40
6.42
As a % of Group TCE
Median risk grade (S&P equivalent)
BB+
BB+
BB+
2
% of portfolio graded as stressed 1,2
2.16
2.06
2.07
% of portfolio impaired²
0.21
0.16
0.07
Commercial property portfolio composition (TCE) (%)
Mar-12
Sep-12
Mar-13
Commercial property exposures % of TCE and % in stress
Sep-13
Mar-14
Sep-14
Mar-15
Sep-15
Mar-16
Sep-16
Commercial property as % of TCE (lhs)
Commercial property % in stress (rhs)
Mar-17
Sep-17
Mar-18
Sep-18
Mar-19
Sep-19
Mar-20
Sep-20
Mar-21
Sep-21
Region
Borrower type
■NSW & ACT
■ VIC
14
27
■ QLD
O
44
9
31
■ SA & NT
■Investors &
developers <$10m
■Developers >$10m
38
13
■Investors >$10m
Sector
4
11
28
■Commercial offices
■Residential
■Retail
10
■WA
■Industrial
41
6
■NZ & Pacific
7
■Diversified property
24
20
■ Corporate
groups and property
■Institutional
trusts >$10m
■Other
1 Includes impaired exposures. 2 Percentage of commercial property portfolio TCE.
77
Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack
Westpac GROUP
Mar-22
Sep-22
0
20
18
16
14
12
10
8
6
4
Credit qualityView entire presentation