Westpac nz media release. 25, up 6% CET1 capital ratio 11.

Westpac nz media release Westpac NZ is offering financial support to business and consumer customers affected by extreme weather in the lower South Island. For further information: Hayden Cooper Justin McCarthy Group Head of Media Relations General Manager, Investor Relations 0402 393 619 0422 800 321 About us Media centre. Mr Herbert is currently Chief Operating Officer, Business & Wealth and will replace Anthony Miller, who begins as Westpac CEO on 16 December. 86 each year, the government matches 50c Media Release. Core earnings were 14% lower mostly from a Westpac NZ is lowering its fixed housing rates across a range of terms from one year to five years. mcdermottmiller. 58 billion to farmers and growers through its Sustainable Farm Loan Westpac NZ is integrating biometrics software into its fraud monitoring systems to help protect its customers from falling victim to scams. “Westpac’s balance sheet remains strong. 13 Oct 2023. 1 Oct 2019. 22 Sep 2023. Westpac NZ is applauding the quick thinking of one of their customers who not only spotted a scam and avoided it but managed to record the scammer in action. Alongside the 0. Excluding the sale of Westpac Life [iii] and other notable items, there was an Westpac New Zealand (Westpac NZ) [i] has reported a 1% increase in underlying profit for the 12 months ended 30 September 2024, as it continues to invest in supporting customers through a challenging period. Westpac Banking Corporation is rated AA- / Stable / A-1+ by Standard and Poor’s and Aa2 / Stable / P1 by Moody’s Investor Media Release 06 May 2019 Westpac New Zealand delivers solid half-year performance Westpac New Zealand (Westpac NZ)1 has reported a solid half-year financial result as it continues to concentrate on delivering a range of improvements for customers. Cash earnings for the 12 months ended 30 September 2018 were Westpac FY20 Annual Results Media Release. Rating changes have also impacted The charges relate to provision of false financial statements which were used to obtain and retain lending facilities from Westpac New Zealand Limited (Westpac). 50% to floating rates for home loan customers, and also decreasing business and agribusiness lending rates. Westpac New Zealand (Westpac NZ) has delivered a strong full-year financial result, driven by a focus on improving the banking experience for customers. Westpac NZ is the first New Zealand bank to make a new sustainability learning programme available to all employees. It is significantly impacted by higher impairment charges due to COVID-19, as well as notable items including the AUSTRAC provision. 2024 – 59. Media Release 6 May 2024 Westpac NZ invests in simpler, safer banking for customers Westpac New Zealand (Westpac NZ)i has reported an 8% fall in pre-provision profit for the six months ended 31 March 2024 compared to the same period last year, as it MEDIA RELEASE. Westpac unveils stylish new wardrobe for frontline staff. 25, up 6% CET1 capital ratio 11. Media release MR No. For further information: Hayden Cooper Andrew Bowden Group Head of Media Relations General Manager, Westpac New Zealand (NZ$) FY22 v FY21 2H22 v 1H22 $1,165 15% (17%) $1,551 lower non 17% (12%) Westpac NZ has become the first bank in New Zealand to release a report detailing its exposure to climate-related financial risks. hine@westpac. au Second is Westpac SaferPay. Net interest income increased 3% with NIM 8bps lower, due to lower spreads on NZ Media Releases ANZ to donate $100,000 to the Mayoral Relief Fund ANZ Bank New Zealand will donate $100,000 to the Mayoral Relief Fund to support local communities in their response to the devastating weather events at the weekend. Includes the latest Westpac Economic Update video, Media centre; Westpac Wire; Careers; Sustainability; Our Foundations; Global locations; Inclusion & diversity ; Innovation; Help Help. Westpac NZ is welcoming Government regulatory changes that will make it faster and simpler for customers who have been affected by severe weather to apply for a personal temporary overdraft. 3% • Cash earnings $5,276m, down 1% • •Cash EPS 148 cents, up 1% • NIM 1. com. The ‘New Start’ scheme, which is the first of its kind in New Zealand, ensures prisoners have a valid ID, debit card and online banking access at the time MEDIA RELEASE 7 NOVEMBER 2022 Full Year 2022 compared to Full Year 20211 Highlights Statutory net profit $5,694m, up 4% Fully franked final dividend 64 cents per share 2022 dividends per share of $1. A media release by the Reserve Bank of New Zealand and the report by Oliver Wyman can be found on the RBNZ website here. Media Release 06 May 2019 Westpac New Zealand delivers solid half-year performance Westpac New Zealand (Westpac NZ) Westpac NZ has been serving New Zealanders since 1861 and is today one of the country’s largest full service banks with more than 1. Westpac 2020 Full Year Result. December. nz WEB www. Westpac NZ is encouraging New Zealanders to put together a 2024 budget, as new research shows more than one in four Kiwis expect to be impacted by a holiday spending hangover. Westpac NZ accepts the findings of the independent risk governance review carried out by consultancy firm Oliver Wyman A media release by the Reserve Bank of New Zealand and the report by Oliver Wyman can be found on the RBNZ website here. Westpac NZ cuts fixed and floating rates. WESTPAC NEW ZEALAND TO COMMISSION INDEPENDENT RISK REVIEWS . Our stories, people and places. For further information: Hayden Cooper Andrew Bowden Group Head of Media Relations General Manager, Westpac New Zealand (NZ$) FY22 v FY21 2H22 v 1H22 $1,165 15% (17%) $1,551 lower non 17% (12%) 2 November 2023. 22/12/2014: Martin Place siege: 18/12/2014: Investment in Family Support Drives Social Impact: For Westpac issued products, conditions, fees and charges apply. Check out the latest Westpac Westpac NZ’s financial results released today for the six months ended 31 March 2021 showed a 98% increase in cash earnings, compared with the same period last year, driven by a significant change in expected loan Westpac NZ’s financial results released today for the 12 months ended 30 September 2021 showed a 56% increase in cash earnings [ii] compared with the same period last year, underpinned by a significant improvement in expected Our disciplined performance in FY24 has set Westpac up for growth and success. Details of the Westpac NZ Board can be found here. Last year’s one-off sale of Westpac Life [iii] not being repeated and a lift in impairment provisions, including an overlay for financial impacts of Media Release MR No. Prisoners across New Zealand are now able to obtain correct ID and open a bank account ahead of their release under a partnership between Westpac NZ and Ara Poutama Aotearoa Department of Corrections. Excluding notable items, cash earnings decreased 15% mostly from a lower impairment benefit. Westpac NZ has been serving New Zealanders since 1861 and is today one of the country’s largest full-service banks with more than 1. Westpac backs new energy standards; announces plans for a green home loan offer: 17/04/2023: Westpac Group expands fee free ATM access to almost 7,000 locations: 12/04/2023: Westpac supports expansion of energy storage in Melbourne: 04/04/2023: Westpac reappointed as Whole of Government Banking Services partner for Australian Capital Territory Westpac Banking Corporation (“Westpac”) today provides the attached Media Release – Westpac 2024 Full Year Result. 047 billion. 1 NOVEMBER 2021 [All $ numbers are in Australian dollars/cents] Financial results snapshot 1: KEY POINTS. KiwiSaver members missing retirement “bonus” through government contributions. The Westpac : McDermott Miller NZ Consumer Confidence Index for December 2021 is 99. Skip to main content Skip to main navigation Skip to access and inclusion page Skip to search input Westpac NZ is passing on today’s official cash rate reduction by the full 0. Westpac NZ also continues to work with the Department of Corrections to make it possible for prisoners nearing their release date to open bank accounts. 1 MEDIA RELEASE WESTPAC : McDERMOTT MILLER CONSUMER CONFIDENCE SURVEY 20 December 2021 15 January 2020 Westpac NZ and Contact agree sustainability-linked loan Created with Sketch. Cash earnings for the six months ended 31 March 2019 increased 7% on the same period last year, excluding the proceeds from the sale of Paymark. . Core earnings were 14% lower mostly from a The rating action also impacts some of the Australian bank’s subsidiary ratings. Westpac made the admissions in civil proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – at the High Court in Auckland. The decreases on fixed home loan rates of between 10 and 20 basis points mean the bank has some of the lowest home loan rates in market. The Reserve Bank of New Zealand (RBNZ) has instructed Westpac New Zealand Media contact: Will Hine Westpac NZ Senior Manager External Communications 021 433 715 will. This presents customers with questions for payments we think have a high scam risk – for example, if someone is buying so-called investment bonds online; and; Third, we are piloting Westpac SafeCall. 50% cuts to floating home loan rates, Westpac has also cut advertised fixed Westpac NZ has been serving New Zealanders since 1861 and is today one of the country’s largest full-service banks with more than 1. Pre-provision profit was up 1% on the prior corresponding period, with net profit rising 10% to $1,055 million, reflecting a significant drop in Westpac NZ Head of Agribusiness Tim Henshaw says the report and a series of factsheets were designed to provide Westpac customers and other farmers and growers with impartial information about the way climate change may affect their location and type of production, and how they can respond. Westpac NZ encourages Kiwis to draw up a plan for this year’s spending. Media advertising enquiries should be directed to Westpac_Media@publicisgroupe. 87% down 17bps Westpac New Zealand (Westpac NZ) has reported a solid half-year financial result as it continues to concentrate on delivering a range of improvements for customers. net Westpac New Zealand Limited ; Media releases This page was updated 6 months ago . 9 Oct 2024. 3 million customers. All Help; Australia and NZ Weekly Calendars 23 December 2024 to 13 January 2025 #australia. Westpac Group CEO, Mr Peter King, said: “This is the most difficult result Westpac has seen in many years. These may change or we may introduce new ones in Westpac NZ has updated its banking terms and conditions to help protect customers from abusive language in payments. 16 Dec 2024. The bank’s cash profit rose 15 per Media Release MR No. For every $1 a member pays into KiwiSaver up to $1,042. Core earnings were 14% lower mostly from a Westpac New Zealand (Westpac NZ) [i] has reported a net profit of $963 million for the 12 months ended 30 September 2023 [ii] and is well positioned to support customers through the current challenging economic conditions. Westpac New Zealand (Westpac NZ) [i] says a solid full-year financial result puts it in a strong position to support customers, amid an uncertain economic environment. The Financial Markets Authority (FMA) and Commerce Commission have formally agreed with Westpac the steps the bank must take to refund fees to some 93,000 customers being overcharged $7 million. 21 Nov 2019. MEDIA RELEASE 1 NOVEMBER 2021 FINANCIAL RESULTS SNAPSHOT 1 KEY POINTS • Statutory net profit $5,458m, up 138% Westpac New Zealand (NZ$) $1,013 56 (26) Cash earnings of $1,013m increased $364m or 56% compared to FY20, primarily driven by a $404m turnaround in impairment Westpac Banking Corporation (“Westpac”) today provides the attached Media Release - Westpac 2022 Full Year Result. Westpac releases recording of scammer in action. 24 March 2021 . 2023-01-31 22:00 About us Media centre. 20 December 2021 . Where’s the fairness in that?” McIntyre says. 2024; 2023; 2022; 2021; 2020; 2019; 2018; 2017; 2016; 2015; 2014; 2013; 2012; 2011; 2010; About us; Media centre; Media releases; These include the issuer credit rating for Westpac New Zealand Limited, Westpac Life Insurance Services Limited and Westpac Lenders Mortgage Insurance Limited. For further information: Hayden Cooper Justin McCarthy Group Head of Media Relations General Manager, Investor Relations 0402 393 619 0422 800 321 This document has been authorised for release by Tim Hartin, Company Secretary Release Level 18, 275 Kent Street Sydney, NSW, 2000 24 June 2021 Westpac confirms it is retaining Westpac New Zealand Limited Westpac Group has today announced it is retaining its one hundred per cent ownership of Westpac New Zealand Limited (WNZL) and will not proceed with a demerger of its Westpac New Zealand business. View the archived website below. MEDIA RELEASE 2 NOVEMBER 2020 FINANCIAL RESULTS SNAPSHOT 1 COVID-19 DEFERRAL SUPPORT 3 Statutory net profit $2,290m, down 66% Westpac New Zealand (NZ$) 649 (38) 20 Cash earnings were 38% lower primarily driven by higher impairment charges. Webcast – 2024 Full Year Financial Results presentation. Westpac Group Reviewing New Zealand Business. Media Release . 2019 – 37 6 August 2019. 77 tonnes of CO2-equivalent per tonne of milk. 25, up 6% • CET1 capital ratio 11. Westpac Banking Corporation announced its Full Year Results on Monday, 4 November 2024. co. 6 July 2021. Whether selling, switching or changing your Westpac home loan security, here are your next steps and security release/substitute form. Westpac NZ’s cash earnings [ii] were up 15% for the 12 months ended 30 September 2022, compared with the same period last year. Media Release 8 November 2021 The Warehouse Group and Westpac NZ sign $70m Sustainability-Linked Loan with broad innovative sustainability targets Liezl. 16 June 2017 FY17 Results will be announced on 14 August 2017 Westpac NZ is offering financial support to business and consumer customers affected by extreme weather in the lower South Island. au. 45m for New Zealand’s rescue helicopters ; 97% of the Westpac NZ vehicle fleet is now electric or plug-in hybrid vehicles ; Since June 2023, Westpac NZ has provided $3. We’ve significantly improved our customer service, grown in key segments and delivered another Westpac New Zealand (Westpac NZ)i has reported a net profit of $963 million for the 12 months ended 30 September 2023 ii and is well positioned to support customers through the current Westpac New Zealand (Westpac NZ)i has reported an 8% fall in pre-provision profit for the six months ended 31 March 2024 compared to the same period last year, as it continues to invest Westpac NZ is welcoming Government regulatory changes that will make it faster and simpler for customers who have been affected by severe weather to apply for a personal temporary The Reserve Bank of New Zealand (RBNZ) had required Westpac NZ to commission the review that the RBNZ released today. Net interest income increased 3% with NIM 8bps lower, due to lower spreads on Media release 2014. 1. Customers can reach us for general enquiries at 132 032; Online and Mobile Banking enquiries at 1300 655 505; or contact us in the Westpac App. This is an Australian-first and gives our customers a verification to prove Westpac is calling them, and not a scammer. The report is consistent with Taskforce for Climate-Related Financial Disclosure standards, and has been published ahead of changes by the Government that will require large organisations to provide disclosure of this type. Westpac announces 2019 Full Year Result • Westpac Media Relations cannot respond to customer enquiries or advertising enquiries. MEDIA RELEASE 7 NOVEMBER 2022 Full Year 2022 compared to Full Year 20211 Highlights • Statutory net profit $5,694m, up 4% • Fully franked final dividend 64 cents per share • 2022 dividends per share of $1. Westpac is the first New Zealand bank to partner with Biocatch, a global cybersecurity company that analyses customers’ online behaviour to help detect unusual activities that may indicate they’ve been compromised. Consumers; Business; Regulated industries; About us; News and media; Report a concern; Documents; Case register; Case details; Documents; Timeline Media releases. Westpac NZ 2024 Sustainability Report highlights . Looking for an older release? Please contact our media team at media@westpac. Excluding Notable Items, such as the sale of Westpac Life in the 2022 financial year, which was not repeated, net profit was down 7%, compared with the same Media release. Loans increased 4% while deposits increased 6%. Westpac NZ Board chairperson Pip Greenwood, who took over Strong lending growth and the sale of its life insurance business has bolstered Westpac New Zealand’s net profit after tax by 12 per cent to $1. 24 Mar 2021. 12 Nov 2020. nz . 2019 10 14 August 2017 2017 Full year results Media Release Created with Sketch. Westpac Group has announced it will sell its New Zealand life insurance business, Westpac Life-NZ-Limited, to New Zealand’s largest locally owned life insurer, Fidelity Life, as part of a long-term strategic alliance. EMAIL strategies@mcdermottmiller. Westpac Life-NZ- Limited is part of Westpac’s New Zealand operations. The tool has been developed by Lincoln University’s Agribusiness and Economics Research Unit (AERU) and Agrilink NZ, with financial assistance from Meridian Energy and Westpac NZ. Unless otherwise specified, the products and services described on this website are available only in Australia from Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. Westpac NZ’s venture capital arm leads $1. Excluding Notable Items, such as the sale of Westpac Life in the 2022 financial year, which was not repeated, net profit was down 7%, compared with the same MEDIA RELEASE 7 NOVEMBER 2022 Full Year 2022 compared to Full Year 20211 Westpac New Zealand (NZ$) FY22 v FY21 2H22 v 1H22 $1,165 15% (17%) $1,551 lower non 17% Group Head of Media Relations General Manager Investor Relations M. Red Bird Ventures, the corporate venture capital fund of Westpac NZ, has led a $1. Westpac NZ releases Wellbeing Series summary. The bank has helped first home buyers purchase more than 11,000 homes in the past two years. Westpac CEO Peter King has announced the appointment of Peter Herbert to the position of Acting Chief Executive, Business & Wealth, effective 5 November 2024. We provide a full range of retail and commercial a reconciliation between the Westpac New Zealand (Westpac NZ) [i] has reported a 33% fall in net profit [ii] for the six months ended 31 March 2023, compared with the same period last year, but says its underlying performance has been stable. 0402 393 619 M. 87% down 17bps A growing number of first home buyers are using alternative pathways to purchase their first home, but many still aren’t aware of the range of options available to them, according to Westpac NZ data. hipkins-stear@thewarehouse. 11 Jun 2024. Westpac NZ has also announced decreases to a range of term deposit rates. Westpac GM Product, Sustainability & Marketing, Sarah Hearn, says helping employees to become more knowledgeable about sustainability means they’ll be able to better support customers. according to a Westpac NZ analysis. Full Year Financial Results Media Release (PDF 264KB) 1 Media Release 06 November 2017 Westpac New Zealand delivers solid result in a strong economy Westpac New Zealand (Westpac NZ)1 has delivered a solid result in an environment where core earnings were flat and high levels of competition continued to compress margins. Meridian Energy and Westpac NZ are proud to support a new carbon calculator that gives farmers a guide to the size of their carbon footprint. Westpac NZ Chief Executive David McLean Westpac New Zealand (NZ$) $635 9 48 Cash earnings increased $52m or 9% supported by the profit on the sale of Westpac NZ Life. HealthPoint provides real-time private health claiming services to businesses at point of sale, connecting healthcare providers, consumers and Media Release 8 November 2021 The Warehouse Group and Westpac NZ sign $70m Sustainability-Linked Loan with broad innovative sustainability targets Liezl. 4m investment round into Akahu. Full Year Financial Results for the 12 months ending 30 September 2024. 4m investment round into Kiwi fintech Akahu, alongside co-investors K1W1 and NZ7 Investments. nz. Westpac Wellbeing Series 2019 (PDF, 2. Westpac New Zealand (NZ$) 649 (38) 20 Cash earnings were 38% lower primarily driven by higher impairment charges. 81mb) About; Contact; Careers; Disclosure statements; Employees at Westpac NZ branches have access to a unique new wardrobe, thanks to a collaboration with award-winning New Zealand fashion label Harman Grubiša. He also pled guilty to a further representative charge relating to the use of false documentation to obtain funds under a letter of credit facility provided by Westpac. “We are continuing to work hard to improve access to banking in Aotearoa,” Ms Brock says. 6 November 2023 Westpac 2023 Full Year Result (PDF 431KB) More information, including the 2023 Annual Report, Investor Presentation and Discussion Pack and sustainability announcements are available here. Archived media releases. Includes the latest Westpac Economic Update video, Westpac Australian Weekly review, Westpac economic releases and the monthly Market Insights report. About Westpac NZ . Excerpt for Joint Westpac: McDermott Miller MEDIA RELEASE “The Christmas feelgood factor that often sees a jump in consumer confidence is missing this MEDIA RELEASE 2 NOVEMBER 2020 FINANCIAL RESULTS SNAPSHOT 1 COVID-19 DEFERRAL SUPPORT 3 Statutory net profit $2,290m, down 66% Westpac New Zealand (NZ$) 649 (38) 20 Cash earnings were 38% lower primarily driven by higher impairment charges. Westpac Banking Corporation, also known as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales. Westpac offers temporary overdrafts for customers affected by severe weather. Westpac NZ is passing on today’s official cash rate reduction to floating rates for home loan and business customers, including agri. 2 References to notable items in this release include provisions for estimated customer refunds, payments, associated costs and litigation ($958m after tax), and costs associated with the restructuring of the Wealth business ($172m after tax). Raised a record $1. 3% Cash earnings $5,276m, down 1% Cash EPS 148 cents, up 1% NIM 1. Westpac Media Relations cannot respond to customer enquiries or advertising enquiries. In 2023 Westpac estimated the emissions intensity of their New Zealand dairy farming portfolio to be 0. Research released by Westpac NZ today has found that more than three quarters of the country are not confident performing CPR in an emergency situation. “What that means is New Zealand farmers are already well ahead of where Westpac are asking Australian farmers to get to by 2030. Westpac New Zealand Limited has admitted to misleading customers entitled to advertised discounts as well as overcharging some of its business customers. Westpac Warm Up loan • Launched on May 15 • Existing or new home loan customers can borrow up to $10,000 interest free for 5 years • Loan can be used to fund the installation of: o Insulation o Heat pump(s) o Double glazing About us Media centre. Statutory net profit $5,458m, up 138% Westpac New Zealand (NZ$) Westpac NZ accepts the findings of the independent risk governance review carried out by consultancy firm Oliver Wyman and is well advanced in addressing recommendations in the report. About us Media centre. net Release 4 November 2024 Westpac 2024 Full Year Result – Media Release Westpac Banking Corporation (“Westpac”) today provides the attached Media Release – Westpac 2024 Full Year Result. As a result, Westpac New Zealand Limited and Westpac Lenders Mortgage Insurance Limited ratings have also been lowered to AA- from AA. Media Contact: westpacmediarelations@westpac. Back. [ 2 ] Established in 1817 as the Bank of New South Wales , it acquired the Commercial Bank of Australia in 1981 before being renamed to Westpac Banking Corporation in 1982. We provide a full range of retail and About us Media centre. DECEMBER 2021 . Today is International Economic Abuse Awareness Day, and Westpac NZ Manager of Customer Vulnerability and Financial Inclusion Louisa Brock says the update makes it clear to customers that derogatory or abusive language About us Media centre. 2024 – 59 Westpac New Zealand Limited has admitted to misleading customers entitled to advertised discounts as well as overcharging some of its Westpac New Zealand (Westpac NZ)[i] is focused on helping customers adapt to the new economic landscape created by COVID-19 and is well positioned to support New Zealand through the recovery, says Chief Westpac New Zealand (NZ$) $635 9 48 Cash earnings increased $52m or 9% supported by the profit on the sale of Westpac NZ Life. 0438 284 863 . Cash earnings 2 for the six months ended 31 March 2019 increased 7% on the same period last year, Westpac New Zealand (Westpac NZ) [i] has reported a net profit of $963 million for the 12 months ended 30 September 2023 [ii] and is well positioned to support customers through the current challenging economic conditions. Completion of the transaction is subject to various approvals and is expected to occur by the end of 2021. With more than 60 people dying annually from preventable drownings in New Zealand Westpac NZ releases the summary of its Wellbeing Series, a regional roadshow with panel briefings held in Northland, Waikato, Manawatu and Canterbury. Westpac NZ launches initiative to help keep our kids safe around the water. Media Contact: The loan is available to eligible Westpac NZ home loan customers, including landlords. 16 February 2023 . Financial support available to Westpac NZ customers affected by severe weather. nz The Westpac : McDermott Miller NZ Consumer Confidence Index for December 2021 is 99. nz Max Bania Westpac NZ Media Relations Manager 027 549 9659 max. Westpac Banking Corporation (“Westpac”) today provides the attached Media Release - Westpac 2022 Full Year Result. WESTPAC : McDERMOTT MILLER CONSUMER CONFIDENCE SURVEY . At 31 March 2021, the business had annual inforce premiums of NZ$149 million (A$139m1). 4 November 2019 . Westpac has entered into an agreement to acquire electronic health claims processing business, HealthPoint. Westpac Group ASX Release - 24 March 2021 As part of Westpac’s fix, Westpac NZ is a valuable part of the Westpac Group and has been for over 160 years. Classification: PROTECTED Media Release 04 November 2019 Westpac New Zealand delivers balanced full-year performance Westpac New Zealand (Westpac NZ)i has delivered a balanced financial result, following a continued focus on achieving the best outcomes for its customers and New Zealanders. bania@westpac. nxniqz idwld ibedtr tqqw aji vcixgyf ukljv kbsjikdg feng bqc