(Reuters) – Australia’s Westpac Banking Corp on Monday posted a 26% rise in annual profits, helped by growth across key markets including deposits and mortgages, while also commencing an A$1.5 billion share buy-back.
Westpac, the country’s fourth-largest lender in terms of market value, reported net profit attributable of A$7.20 billion ($4.68 billion) for the year ended Sept. 30, compared with A$5.69 billion last year and an LSEG estimate of A$7.41 billion.
($1 = 1.5373 Australian dollars)
(Reporting by Roushni Nair and Upasana Singh in Bengaluru; Editing by Andrew Heavens)
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