Catherine McGrath: Westpac CEO on the bank's profit growing by 10 percent

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Recorded05 May 2025

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Westpac New Zealand’s profits are continuing to rise, as it makes more money from existing customers, rather than materially growing its business. The Australian-owned bank’s New Zealand division reported a net profit of $525 million in the six months to March - a 10 percent rise from the same period last year. Westpac CEO Catherine McGrath explains why New Zealand's margins have gone up - despite Australia taking a dip. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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