Westpac flags A$75 million profit hit from energy shocks
Westpac expects a A$75 million profit hit from Middle East turmoil and energy disruptions. The bank cited higher provisions and its RAMS portfolio sale.
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WESTPAC BANKING CORP has announced an expected decline in its first-half net profit for 2026, citing the impact of geopolitical instability and energy market volatility. The financial institution, headquartered in Australia, anticipates a reduction of A$75 million ($53.24 million) in its reported net profit after tax for the period.
