Investor Presentaiton
1H20
2H20
Net interest income
Non-interest income
Up $71m or 38%
Up $45m or 24%
WIB 1H21 performance.
Cash earnings ($m)
Lower restructuring costs
and reduced professional
services expenses
Lower Markets
income
Lower new impaired assets
and lower CAPS from
improved economic outlook
Change
Key financial metrics
1H20
2H20
1H21
on 2H20
Revenue ($m)
1,161
1,132
1,046
(8%)
Net interest margin (%)
1.46
1.23
1.27
4bps
Expense to income ratio (%)
53.3
61.6
66.7
Large
18
AIEA down 11%;
margins up 4bps
256
(26)
219
Net loans
78.6
66.2
62.4
(6%)
103
230
Customer deposits
110.0
102.9
91.0
(12%)
147
185
(42)
(44)
36
Customer deposit to loan ratio (%)
139.9
155.4
145.8
Large
Stressed exposures to TCE (%)
1.09
1.03
0.56
(47bps)
Operating expenses
Impairment charges
89
Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack
Tax and NCI
1 WIB customer revenue is lending revenue, deposit revenue, sales and fee income. Excludes trading and derivative valuation adjustments.
1H21 ex-notable items
Notable items
1H21
Change
Key operating metrics
1H20
2H20
1H21
on 2H20
Customer revenue1 / total revenue (%)
94.4
88.3
91.5
Large
Trading revenue / total revenue (%)
15.0
13.1
7.2
Large
Revenue per FTE ($'000)
784
717
668
(7%)
Westpac GROUP
Westpac Institutional BankView entire presentation