Westpac Banking Corporation (ASX: WBC) has issued the Disclosure Statement for its New Zealand Banking Group for the financial year ending 30 September 2024. The document outlines the financial performance, compliance measures, and risk management practices of Westpac’s New Zealand operations. Key highlights include comprehensive financial statements and disclosures on risk exposure, liquidity, and credit quality, which comply with the Registered Bank Disclosure Statements Order 2014.
Each Director and the Chief Executive Officer of the NZ Branch confirm that, after thorough review, the statement contains all required information and that all compliance and risk control measures were adequately implemented throughout the year. Additionally, the statement provides insight into governance, including detailed risk management frameworks and policies designed to address material risks such as credit, market, and liquidity risk. This disclosure promotes transparency and complies with the regulatory standards established by the Reserve Bank of New Zealand for foreign banks operating within the country.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.