Bank's profit falls in uncertain economic environment
3 sources·Updated November 2, 2026
Bank profit loss
Covered by 3 sources
- NZ Herald Business·5h agoWestpac NZ profit falls 9% to $1.09b as mortgage competition squeezes margins
Will the bank cut more mortgage rates after last week's shock OCR decision?
Read at NZ Herald Business → - RNZ Business NZ·12h agoFull-year profit slips at Westpac in face of stiff competition
Westpac New Zealand's full-year profit is down 9 percent on the previous year due to stiff competition and narrower interest margins.
Read at RNZ Business NZ → - The West Business·13h agoBank's profit falls in uncertain economic environment
Westpac has posted its first annual profit decline as its chief executive pushes ahead with an ambitious cost-cutting project after the bank recently shed jobs.
Read at The West Business →