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Westpac 1H Net Profit A$4.00 Billion, Up 22% on Year

SYDNEY–Westpac said its first-half net profit rose by 22% on year, driven by a higher net interest margin, alongside growth in home and business loans and ongoing discipline around costs.

The Australian bank said its net profit totaled 4.00 billion Australian dollars (US$2.70 billion) in the six months through March.

Directors of the company…

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