Investor Presentaiton
2H21 Considerations.1
Lending
Net interest
margin
•
Maintain mortgage momentum
Stabilise Business lending
•
Headwinds from competitive market continued flow through of low rates
Non-interest
income
Expenses
Asset quality
Improved economic activity and consumer spending
Impact of simplification to flow through
FY21 expected to be higher than FY20 (excluding notable items) from:
Seasonality of project spend – higher in 2H
-
Full period effect of higher FTE for Fix agenda
Maintain focus on supporting customers.
Improved outlook, some impact from wind back of government support
1 This page contains 'forward-looking statements' and statements of expectation. Please refer to the disclaimer on page 117.
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Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack
Westpac GROUPView entire presentation