Australia’s Westpac Banking reports steady profit on mortgage growth

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Illuminated Westpac Bank sign

Marlon Trottmann/iStock Editorial via Getty Images

Westpac Banking (OTCPK:WEBNF) (OTC:WBKCY) on Monday posted annual earnings broadly in line with expectations, supported by steady demand in its home-loan portfolio despite a competitive lending environment.

Net profit for the 12 months ending September 30 edged down 1% to A$6.9

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