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BRIEF-Westpac Banking Says Consistently Argued That Further Inquiries Into Sector Are Unwarranted
December 7, 2017 / 11:10 PM / 6 days ago

BRIEF-Westpac Banking Says Consistently Argued That Further Inquiries Into Sector Are Unwarranted

Dec 8 (Reuters) - Westpac Banking Corp:

* HAS CONSISTENTLY ARGUED THAT FURTHER INQUIRIES INTO SECTOR, INCLUDING A ROYAL COMMISSION, ARE UNWARRANTED

* EXPECT TO APPOINT ONE OR TWO NEW NON-EXECUTIVE DIRECTORS TO BOARD IN 2018

* REMAIN POSITIVE ABOUT AUSTRALIAN AND NEW ZEALAND ECONOMIES

* ‍ASSET QUALITY IS EXPECTED TO REMAIN SOUND IN YEAR AHEAD​

* ‍BANKING SECTOR WILL LIKELY LEAD TO SLOWER GROWTH IN LENDING AND DEPOSITS IN 2018 RELATIVE TO 2017​ Source text for Eikon: Further company coverage:

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