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(Reuters) -Australia's Westpac Banking Corp on Monday posted a 26% rise in annual profits, helped by growth across key markets, though the lender warned of operational challenges would continue into fiscal 2024.
Westpac also said it had started an A$1.5 billion ($975.60 million) share buy-back.
The company said it had reaped the benefits of operational improvements and growth in its key markets, including deposits, mortgages and institutional banking.
A rapid surge in interest rates since May...
>>> Read more: Australia's Westpac posts higher annual profit as key markets pump up earnings
Westpac also said it had started an A$1.5 billion ($975.60 million) share buy-back.
The company said it had reaped the benefits of operational improvements and growth in its key markets, including deposits, mortgages and institutional banking.
A rapid surge in interest rates since May...
>>> Read more: Australia's Westpac posts higher annual profit as key markets pump up earnings
