Australian lender Westpac Banking on Tuesday said its mortgage and business customers are facing pressure from higher energy and fuel prices due to the U.S.-Israeli war on Iran, as it reported a weaker-than-expected first-half profit.
Australia’s second-largest home lender reported A$3.41 billion ($2.44 billion) net profit for the first half that ended on March 31, missing a Visible Alpha consensus estimate of A$3.47 billion, hurt by higher credit impairment charges and weaker tre… [2970 chars]
Source: Reuters | Published: 2026-05-04T21:41:46Z
Credit: Reuters
