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    Brett Le Mesurier

    Research Analyst at Velocity

    Brett Le Mesurier's questions to WESTPAC BANKING (WEBNF) leadership

    Brett Le Mesurier's questions to WESTPAC BANKING (WEBNF) leadership • Q1 2021

    Question

    Brett Le Mesurier of Velocity sought clarification on the significant reduction in the corporate loan book, asking how much was attributable to the trade finance runoff and whether this signaled a strategic shift away from large corporate clients.

    Answer

    CFO Michael Rowland confirmed the reduction was driven by both the planned trade finance runoff (less than half the total) and softer business lending. CEO Peter Francis King added that lower client demand was also a factor, and the bank is not strategically exiting corporate lending, noting a recent pickup in M&A-related activity.

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    Brett Le Mesurier's questions to WESTPAC BANKING (WEBNF) leadership • Q3 2020

    Question

    Brett Le Mesurier asked if the decline in outstanding loans, particularly in residential mortgages and corporate loans, was expected to continue into the fourth quarter. He also questioned if a drop in on-balance-sheet sovereign exposures implied a lower level of liquids, potentially easing NIM pressure.

    Answer

    Acting CIO Gary Thursby stated the outlook for business credit demand is flat, while mortgage application levels are rebuilding after processing issues, though overall housing demand remains soft. CEO Peter Francis King clarified that the level of liquids is stable, as indicated by the LCR, and the movement in sovereign exposures is a complex function of central bank transactions.

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