Westpac Financial Performance Update
Targeting a sustainable wholesale funding profile
Funding composition (%)
24
8858
6639
64
67
140
33
5839
59
69
86300
8
4
2 Wholesale Offshore <1Yr
8
3
3
g
Wholesale Onshore <1Yr
68
70
Wholesale Offshore >1Yr
Wholesale Onshore >1Yr
Intercompany Debt
■ Equity
FY12
FY13
FY14
FY15
1H16
Core funding ratio (%)
Customer Deposits
Core Funding Ratio
RBNZ Core Funding Limit
90.0%
80.0%
70.0%
21 |
Term maturities as at 31 March 2016 ($bn)
4.5
NZD equivalent ($bn)
1.5
30
3.0
60.0%
FY11
FY12
FY13
FY14
FY15
1H16
DMTN ΠΕΜΤΝ Covered
0.0
2016
2017
2018
2019 2020 2021 2022+
Commentary
➤ Reduced reliance on short term funding driven by strong
deposit growth
➤ Term maturities well spread for manageable annual
refinancing task
Core Funding Ratio comfortably above the RBNZ minimum
of 75%
➤ The Core Funding Ratio represents the amount of stable
funding, including all funding with residual maturity longer
than one year, Tier 1 and other stable funding as defined by
the RBNZ, divided by total loans and advances
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