Westpac targets cost-income ratio below 40%-CFO

SYDNEY, May 13 (Reuters) - Westpac Banking Corp Ltd (WBC.AX) would target a cost-to-income ratio below 40 percent after its A$18.6 billion ($17.6 billion) takeover of St George Bank Ltd SGB.AX, said Phil Coffey, the bank's chief financial officer.

For more details see: [nSYD40653] ($1=A$1.06) (Reporting by Victoria Thieberger)