Westpac Profit Edges Up to A$1.8b as Loan Growth Trumps Housing Woes

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‼️ 🇦🇺 Westpac Banking Corp. reported a slight profit rise to A$1.8 billion for the quarter ended June 30, as deposit and loan growth offset housing market caution. Net interest margin stood at 1.89%, while mortgage applications have fallen about 20% since May’s government budget.
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