Westpac holds dividend from shareholders to preserve capital – NEWS.com.au

Westpac has refrained from issuing an interim dividend to its shareholders, warning ongoing uncertainty induced by the coronavirus pandemic continues to plague Australias banking industry. The country’s second-largest bank has posted an unaudited net profit of $1.12 billion for the third quarter of 2020, higher than the 2020 quarterly average of $595 million.
Quarterly cash earnings were $1.32 billion, which was also higher than the average for the previous two quarters.
Westpac said the rise …

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