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Westpac Banking Corp (WBCPB.AX)

WBCPB.AX on Australia Stock Exchange

100.82AUD
16 Sep 2014
Change (% chg)

$-0.03 (-0.03%)
Prev Close
$100.85
Open
$100.85
Day's High
$100.85
Day's Low
$100.80
Volume
10,923
Avg. Vol
--
52-wk High
--
52-wk Low
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Latest Key Developments (Source: Significant Developments)

Hotel Property Investments announces expected distribution, refinancing and property revaluation
Wednesday, 21 Dec 2016 05:20am EST 

Hotel Property Investments Ltd : Expected distribution, refinancing and property revaluation . Total expected distribution for half year of 22.2 cents . Has refinanced its outstanding loan facilities, entering into new 3 and 5 year loans with Commonwealth Bank And Westpac . Aggregate limit of facilities is $285 million, with $247.3 million drawn or committed at 21 december 2016 . Expected distribution of 9.7 cents per stapled security from trading operations for half year ending 31 december 2016 . Board amended its valuation policy, it will obtain independent valuations for at least 50% of properties each year .Commissioned independent valuations for property portfolio; total valuation at $644.8 million, an increase of $56.5 million.  Full Article

Westpac Banking Corp says asset quality expected to remain sound in year ahead
Thursday, 8 Dec 2016 08:41pm EST 

Westpac Banking Corp : Asset quality is expected to remain sound in year ahead . Competition is also expected to remain intense from both existing competitors and new entrants, particularly in so-called fintech space . Growth is a little uneven across states . Growth in services sector, rise in residential & infrastructure investment & improved net exports gains offset second order effects from slowdown in mining investment . It is likely that additional stress will emerge in sectors and regions undergoing some structural change . Outlook for Australia and New Zealand remains positive .Global environment seems particularly volatile at present, domestic fundamentals are sound.  Full Article

Westpac Banking Corp says asset quality expected to remain sound in year ahead
Thursday, 8 Dec 2016 06:25pm EST 

Westpac Banking Corp : Asset quality is expected to remain sound in year ahead . Competition is also expected to remain intense from both existing competitors and new entrants, particularly in so-called fintech space . Growth is a little uneven across states . Growth in services sector, rise in residential & infrastructure investment & improved net exports gains offset second order effects from slowdown in mining investment . It is likely that additional stress will emerge in sectors and regions undergoing some structural change . Outlook for Australia and New Zealand remains positive .Global environment seems particularly volatile at present, domestic fundamentals are sound.  Full Article

Westpac Banking will issue tier 2 subordinated instruments on Oct 7
Friday, 7 Oct 2016 01:01am EDT 

Westpac Banking Corp : Westpac will issue tier 2 subordinated instruments on ct 7 . Issue of tier 2 subordinated instruments will not have a material impact on Westpac's financial position .Proceeds of issue, less costs of issue, will increase Westpac's total capital ratio on a level 2 basis by less than 0.1%.  Full Article

Westpac Banking Corp issues dividend update
Monday, 5 Sep 2016 04:32pm EDT 

Westpac Banking Corp: Westpac views over securities in BHP . amending dividend payable on Westpac views over securities in BHP from $0.1819 per security to $0.1852 per security .  Full Article

Westpac Banking comments on Moody's revision to outlook
Thursday, 18 Aug 2016 09:17pm EDT 

Westpac Banking Corp : Westpac comments on Moody's revision to outlook . Moody's affirmed westpac's current issuer credit rating of aa2 long term and p-1 short term but revised outlook from "stable" to "negative" . This rating action has impacted other rated Westpac subsidiaries, including Westpac lenders mortgage insurance limited .  Full Article

ACCC continues review of banks’ application for authorisation to bargain with Apple
Thursday, 18 Aug 2016 07:49pm EDT 

Commerce Apple pay platform : ACCC says continuing to assess applications for authorisation by Commonwealth Bank of Australia, Westpac Banking Corporation, National Australia Bank and Bendigo and Adelaide Bank . ACCC says the accc has considered interim authorisation within a short timeframe at the request of the applicants . Australian competition and consumer commission says expect to release a draft decision in October 2016 .  Full Article

Westpac Banking responds to BBSW U.S. class action
Thursday, 18 Aug 2016 04:32pm EDT 

Westpac Banking Corp : Westpac responds to BBSW US class action . Westpac has not been formally served with any proceedings . Aware that class action has been filed in New York against it in respect of the Australian BBSW interest rate benchmark . Westpac denies the allegations in claim and, if served with the claim, will defend those allegations vigorously .  Full Article

Westpac Banking responds to BBSW US class action
Thursday, 18 Aug 2016 02:01am EDT 

Westpac Banking Corp : Westpac responds to BBSW US class action . Is aware that a class action has been filed in New York against it . Says Westpac denies the allegations in this claim and, if served with the claim, will defend those allegations vigorously . Aware that a class action has been filed in New York in respect of the Australian bbsw interest rate benchmark . Says Westpac has not been formally served with any proceedings .  Full Article

Westpac Banking says Q3 asset quality metrics remain near cyclical lows
Wednesday, 10 Aug 2016 08:03pm EDT 

Westpac Banking Corp : Q3 asset quality metrics remain near cyclical lows . Impairment charge in 3Q16 below quarterly average of 1H16 .  Full Article

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BRIEF-Westpac Banking completes bookbuild of 60 mln shares in BT Investment Management

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