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
Google on Wednesday announced new restrictions on political advertisers around the world. The company has joined Twitter in revising its political ad rules ahead of the election season British luxury car giant Aston Martin unveiled its first SUV at an event in Los Angeles and at a simultaneous event in Beijing. The DBX SUV comes with an aluminium body with a typical Aston Martin grille flanked by LED headlights with LED DRLs. "I can't emphasize enough how incredibly exciting... Google has rolled out an audio news service for Google Assistant, called 'Your News Update,' which will read out a user's customized news feed. According to the tech giant, 'Your News Update' is a smarter way to listen to the news hosted by the Google Assistant. The customized news feed will deliver stories from a variety of media partners, including CBS, Politico, Fox News and CNN.
Follow RTT