Westpac Banking Corp Files 6-K on Credit Loss Provisions
Ticker: WBKCY · Form: 6-K · Filed: May 7, 2024 · CIK: 719245
| Field | Detail |
|---|---|
| Company | Westpac Banking Corp (WBKCY) |
| Form Type | 6-K |
| Filed Date | May 7, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-disclosure, credit-risk, reporting
Related Tickers: WBK
TL;DR
Westpac's 6-K shows credit loss provisions for Q2 2024, detailing downside and base case scenarios.
AI Summary
Westpac Banking Corp filed a 6-K report for the period ending March 31, 2024. The filing includes data related to its allowance for credit losses under various scenarios, including probability-weighted, 100% downside, and 100% base case scenarios for the periods October 1, 2023, to March 31, 2024, and comparative periods in 2023 and 2022.
Why It Matters
This filing provides insight into Westpac's risk management and its assessment of potential credit losses, which is crucial for understanding the bank's financial health and stability.
Risk Assessment
Risk Level: low — This is a routine financial disclosure (6-K) providing historical data on credit loss provisions, not indicating new or significant negative events.
Key Players & Entities
- WESTPAC BANKING CORP (company) — Filer
- 0000719245 (company) — Central Index Key
FAQ
What is the reporting period for this 6-K filing?
The conformed period of report is March 31, 2024.
What specific financial data is detailed in this filing?
The filing details data related to Allowance for Credit Losses under probability-weighted, 100% downside, and 100% base case scenarios.
What are the comparative periods for the credit loss data?
The filing provides comparative data for the periods October 1, 2023, to March 31, 2024, and October 1, 2022, to March 31, 2023.
What is the fiscal year end for Westpac Banking Corp?
Westpac Banking Corp's fiscal year ends on September 30.
What is the SIC code for Westpac Banking Corp?
The Standard Industrial Classification code is 6029 (Commercial Banks, NEC).
Filing Stats: 755 words · 3 min read · ~3 pages · Grade level 17.1 · Accepted 2024-05-07 06:03:48
Filing Documents
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- 0001104659-24-057637.txt ( ) — 29328KB
- webnf-20240331.xsd (EX-101.SCH) — 226KB
- webnf-20240331_cal.xml (EX-101.CAL) — 144KB
- webnf-20240331_def.xml (EX-101.DEF) — 413KB
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SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. WESTPAC BANKING CORPORATION (Registrant) Date: May 7, 2024 By: /s/ Esther Choi Esther Choi Tier One Attorney