Plus   Neg

Westpac Banking Q3 CET1 Capital Ratio, RWA Up

Australia's Westpac Banking Corp. (WBC.AX,WBK) reported Monday that its third-quarter common equity Tier 1 or CET1 capital ratio was 10.5 percent as of June 30, 2019, up from 10.4 percent last year.

Sequentially, CET1 capital ratio was lower than 10.6 percent as of March 31, due to payment of the 2019 interim dividend partially offset by organic capital generation and DRP1 participation.

Total regulatory capital ratio dropped to 14.5 percent from 14.8 percent a year ago.

Risk weighted assets or RWA increased to A$422.16 billion from A$417.54 billion in the previous year. Total RWA increased 0.6 percent sequentially.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Amazon.com, Inc. can be held liable for damages caused by defective goods sold on its Marketplace including third parties, according to a ruling by a California appeals court. The California Fourth District Court of Appeals was pronouncing the ruling in a case where a defective replacement laptop battery caught fire and inflicted a woman with third-degree burns. Facebook has launched "Voting Information Center" on Facebook and Instagram platforms, with a view to boosting the number of Americans vote in the upcoming U.S. presidential election in November. The social media giant's latest initiative is expected to help 4 million voters register this year, and help them navigate a 'confusing election process'. Epic Games Inc., the developer of popular game Fortnite, has filed lawsuits against both Apple Inc. and Google after they removed the game from their app stores. The development reflects disputes related to app store fee the tech giants take from each purchase. Epic Games, which has been against the 30 percent revenue cut the two tech giants take from paid apps, added a direct payment option.
Follow RTT