Investor Presentaiton
Net interest margin.
Net interest margin (% and bps)
Revenue
Treasury & Markets impact on NIM
NIM excl. Treasury & Markets
28bps
Obps
2bps
(6bps)
(5bps)
1.85
(14bps)
24bps
0.15
(9bps)
(5bps)
4bps
¦
1.70
Cyclical impact from
1.90
0.10
1.80
Exit margin 1.85%
rate lag effects
1H22
Loans
Customer
Funding
Capital & other
Liquid assets
Treasury
2H22
deposits
& Markets
Australian mortgage
new lending (%)
Australian deposits¹ by interest rate
bands ($bn)
Wholesale funding credit spreads²
(bps)
■Variable Fixed
■Mar-22 Sep-22
400
180
20
20
30
11
37
52
36
59
300
140
130
39
80
80
70
70
80
63
48
48
200
89
61
100
1H20
2H20 1H21 2H21
1H22
2H22
100
60
60
0
20
≤25bps 26≤50bps 51≤75bps 76bps+
Sep 20
Mar 21
Sep 21
Mar 22
Sep 22
1 Excludes mortgage offset balances. 2 Wholesale funding credit spreads reflect a blend of A$ and US$ 5-year FRN.
63 Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack
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