Sydney Morning Herald
International · 3 hrs ago
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Westpac raises buffers for bad loans as it braces for slowdown
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Westpac has increased its loan loss provisions in anticipation of economic weakness potentially linked to Middle East geopolitical tensions. The bank is taking a precautionary stance by building larger buffers against potential defaults.
Westpac raises buffers for bad loans as it braces for slowdown
Westpac has raised its buffers for soured loans as it prepares for a weaker economy due to the Middle East war.
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