15/02/2012 - 12:55

Bankwest profit continues growth

15/02/2012 - 12:55

Bookmark

Save articles for future reference.
Bankwest profit continues growth

Bankwest has increased its interim profit to $268 million, up from $239 million the previous half-year.

The Western Australia-based bank saw income growth of 7 per cent over the six months to December 31, driven by a 13 per cent increase in its home loans division.

Loan impairment expense decreased to $38 million, down 22 per cent on the previous half year, Bankwest said.

Managing director Jon Sutton said he was encouraged to see a continuation of the bank's strong results.

“These results reflect the continued execution of our strategic priorities over the past three years which has seen us evolve our products and services to meet the needs of our growing customer base,” Mr Sutton said in a statement.

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options