Business & Finance
Australia's Westpac says no pressing need for offshore debt raising
SYDNEY : Westpac Banking Corp, Australia 's third-largest lender, does not need to raise further offshore term debt unt
By
SYDNEY: Westpac Banking Corp, Australia's third-largest lender, does not need to raise further offshore term debt until well into next calendar year, Chief Executive Gail Kelly said on Wednesday.
Earlier Westpac said higher funding costs would pressure margins and it needed to balance economic realities before passing on central bank interest rate cuts to customers.
Copyright Reuters, 2011
More Stories
Comments
Comments are closed for this article.