Australia's Westpac expects first-half profit hit of A$28m

Published Sun, Apr 25, 2021 · 10:49 PM

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    [BENGALURU] Westpac Banking Corp said on Monday it expects first-half cash earnings to be A$282 million (S$290 million) lower due to additional provisions for customer remediation, write-downs as well as costs and losses associated with recent deals.

    Australia's second-largest bank is set to report its first-half results on May 3.

    REUTERS

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