Westpac Declares Final Dividend 77 AU Cents Per Share

Nov 2 (Reuters) - Westpac Banking Corp WBC.AX:

• AMID GLOBAL UNCERTAINTY, AUSTRALIAN ECONOMY HOLDING UP RELATIVELY WELL WITH STRONG BUSINESS INVESTMENT SUPPORTING MEDIUM-TERM OUTLOOK.

• INFLATION REMAINS ABOVE RBA'S TARGET RANGE AND INTEREST RATES ARE LIKELY TO REMAIN ELEVATED INTO 2027

• DECLARES FINAL DIVIDEND 77 AU CENTS PER SHARE

• FY ADJUSTED NET INCOME AUD 6,992 MILLION

• FY CET1 CAPITAL RATIO 12.5%

• FY NET INTEREST INCOME AUD 19,687 MILLION VS. IBES ESTIMATE AUD 22,895 MILLION

• FY NET INTEREST MARGIN 1.87%

• ANNOUNCED TARGET TO FACILITATE A$100 BLN IN HOUSING RELATED LENDING BY 2030

Further company coverage: WBC.AX