Westpac's profit has rebounded after being hit by COVID-19, as the bank grows its home loan book.Cash earnings more than tripled, to $3.5 billion, ahead of forecasts.
Westpac said owner-occupier loans increased by 3 per cent, with first home buyers making up 13 per cent of new loans. "It has been a promising start to the year with increased cash earnings, growth in mortgages and continued balance sheet strength," Wespac CEO Peter King said.The local share market could be set to fall at the open of trade, with futures down by 0.1 per cent.Retail group Premier Investments has announced that it will repay millions in JobKeeper payments to the Australian Tax Office.
Because they’re understaffed and you can’t get a reply to an email or phone call. Saves them $.