Provided by NZX
  • WBC36.01

    $0.180.5%

  • Open 35.83 High 36.01 Low 34.99 Bid Price 35

    Offer Price 37.5 Value 2054625.18 Volume 57214

Current as of 30/06/15 07:39PM 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.

- NZPA

© Copyright 2015, NZME. Publishing Limited

Assembled by: (static) on production bpcf05 at 05 Jul 2015 02:30:43 Processing Time: 534ms