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Australia’s Westpac Bank Reports $1.8 Billion Profit Amid Cost of Living Pressures

Cost of living and high interest rates remained an issue for some customers and also businesses.
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Australia’s Westpac Bank Reports $1.8 Billion Profit Amid Cost of Living Pressures
Monica O’Shea
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Major Australian bank Westpac has reported a strong profit while acknowledging cost of living and inflationary pressures.

Westpac delivered a net profit after tax of $1.8 billion (US$1.2 billion), 6 percent higher than the first half of the 2024 quarterly average (pdf).
Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]
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