Australia’s Westpac Banking Corp Reports 2% Profit Drop Amid Home-Lending Strain
Australia’s third-largest lender, Westpac Banking Corp, announced its annual profit fell to A$6.99 billion for the year ending September 30, 2025, down from A$7.11 billion a year earlier. Despite the dip, the result surpassed analysts’ expectations of around A$6.83 billion. The bank pointed to intense competition in the home-loan market and a narrowing net interest…