Australia’s Westpac braces for lower H1 earnings as coronavirus credit losses loom
Australia’s No. 2 lender Westpac
Banking Corp said on Tuesday it expects lower cash
earnings for the first-half due to asset write-downs and
impairment provisions, as it braces for higher credit losses due
to the coronavirus outbreak.
Banking Corp said on Tuesday it expects lower cash
earnings for the first-half due to asset write-downs and
impairment provisions, as it braces for higher credit losses due
to the coronavirus outbreak.
Posted by Reuters
