Catherine McGrath: Westpac CEO on the bank's profit growing by 10 percent
Heather du Plessis-Allan Drive · Newstalk ZB
May 5, 20253m 42s
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Show Notes
Westpac New Zealand’s profits are continuing to rise, as it makes more money from existing customers, rather than materially growing its business.
The Australian-owned bank’s New Zealand division reported a net profit of $525 million in the six months to March - a 10 percent rise from the same period last year.
Westpac CEO Catherine McGrath explains why New Zealand's margins have gone up - despite Australia taking a dip.
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Topics
businessmoneyeconomyWestpac