Provided by NZX
  • WBC38.1


  • Open 37.77 High 38.1 Low 37.7 Bid Price 37.89

    Offer Price 38.1 Value 158879.55 Volume 4198

Current as of 27/04/17 07:40PM NZST

Westpac NZ weighs up earthquake impact

File photo
File photo

Westpac Banking Corp said its New Zealand unit could see credit losses of between $30 million and $100 million due to last month's earthquake in Christchurch.

Westpac said bad debt provisions can be absorbed by the unit's expected profit and as such Westpac New Zealand Ltd's tier I capital will not be impacted.


Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter


© Copyright 2017, NZME. Publishing Limited

Assembled by: (static) on production bpcf05 at 28 Apr 2017 03:48:53 Processing Time: 440ms