Business
Westpac profit up as home loans grow; Premier Investments to repay $15.6m in JobKeeper – ABC News
Westpac’s net profit more than doubles amid pandemic recovery. Premier Investments, owner of Smiggle and Peter Alexander, will return $15.6 million in JobKeeper…
Westpac’s profit has rebounded after being hit by COVID-19, as the bank grows its home loan book.
The bank reported a 189 per cent increase in first-half net profit, to $3.4 billion.
Cash earnings more than tripled, to $3.5 billion, ahead of forecasts.
The bank’s home loan book increased by $2.6 billion in the six-month period, driven by owner-occupiers, as investor lending fell.
Westpac said owner-occupier loans increased by 3 per cent, with first home buyers making up 13 per cent of new loans.
…
-
Noosa News24 hours agoTrial for Clive Mensink, former director of Queensland Nickel, delayed due to ‘exceptional circumstances’
-
Noosa News24 hours agoGold Coast unit fire: Footage emerges of hero cops saving three people from blaze
-
Business22 hours agoHow to build a $250,000 passive income portfolio starting from zero
-
Noosa News21 hours agoDrivers call out bad manners and most hated acts on Queensland roads