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(Reuters) - Westpac Banking Corp on Monday said its capital position at the end of the fiscal third quarter was weaker, hurt by payment of an interim dividend and higher risk weighted assets (RWA) following interest rate hikes over the quarter.
Since May, the Reserve Bank of Australia (RBA) has increased its key cash rate by 175 basis points which the country's "Big Four" lenders have passed on to their customers in full.
Australia's third largest lender said CET1 capital ratio, a measure of s...
>>> Read more: Australia's Westpac capital position weaker at quarter-end
Since May, the Reserve Bank of Australia (RBA) has increased its key cash rate by 175 basis points which the country's "Big Four" lenders have passed on to their customers in full.
Australia's third largest lender said CET1 capital ratio, a measure of s...
>>> Read more: Australia's Westpac capital position weaker at quarter-end
