Westpac Banking Corp Market Update Transcript - Thomson StreetEvents

Westpac Banking Corp Market Update Transcript

Westpac Banking Corp Market Update Transcript - Thomson StreetEvents
Westpac Banking Corp Market Update Transcript
Published Mar 27, 2025
17 pages (11096 words) — Published Mar 27, 2025
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About This Report

  
Abstract:

Edited Transcript of WBC.AX conference call or presentation 27-Mar-25 10:00pm GMT

  
Brief Excerpt:

...Good morning everyone and welcome to Westpac's Market Update. I'm Justin McCarthy, general manager of investor relations. Before we commence, I acknowledge the traditional custodians of the land on which we meet today. For us in Brangaroo, that's the Gadigal people of the Eora nation. I would like to pay my respects to elders past and present and extend that respect to all Aboriginal and Torres Strait Islanders people. I'm pleased to join today by our CEO, Anthony Miller; CTO, Peter Herbert; and CIO, Scott Collary. After the presentation, we'll move to Q&A. We'll take one question per person if we can, we've got a lot of you here, and there's plenty of time after as well. Then we'll take some questions online from Vivox, instructions of how to use the Vivox if you're online are included in the invite. With that, Anthony. Anthony Miller ...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Westpac Banking Corp
Ticker
WBC.AX
Time
10:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Jonathan Mott - Barrenjoey - Analyst : John Mott from Barrenjoey, first question, so Anthony, before you started, you really talked about I want to get this underway, I want to accelerate this program, but you've come up here now and you're saying, okay, I looked at it, I can't accelerate as much as I kind of hoped. When you look at it, the Unite programs still only 35% to 40% of the group investment spend and $600 this year, it's still a fraction of the amount of money you're spending on risk and compliance spend, investment spend, which is still over a billion dollars. At what stage do we get to the end of this risk and compliance investment spend, which has just been an ongoing drag for well over a decade, and then can you then get this spend and redirect it to your night so you can accelerate this program as you actually intended?

Table Of Contents

Westpac Banking Corp Sustainability Market Update Transcript – 2024-12-03 – US$ 54.00 – Edited Transcript of WBC.AX conference call or presentation 3-Dec-24 11:00pm GMT

Full Year 2024 Westpac Banking Corp Earnings Presentation Transcript – 2024-11-03 – US$ 54.00 – Edited Transcript of WBC.AX earnings conference call or presentation 3-Nov-24 11:00pm GMT

Westpac Banking Corp Technology Market Update Transcript – 2024-03-27 – US$ 54.00 – Edited Transcript of WBC.AX conference call or presentation 27-Mar-24 12:00am GMT

Full Year 2023 Westpac Banking Corp Earnings Call Transcript – 2023-11-05 – US$ 54.00 – Edited Transcript of WBC.AX earnings conference call or presentation 5-Nov-23 11:00pm GMT

Half Year 2023 Westpac Banking Corp Earnings Presentation Transcript – 2023-05-08 – US$ 54.00 – Edited Transcript of WBC.AX earnings conference call or presentation 8-May-23 12:00am GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Westpac Banking Corp Market Update Transcript" Mar 27, 2025. Alacra Store. May 02, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Westpac-Banking-Corp-Market-Update-T16298027>
  
APA:
Thomson StreetEvents. (2025). Westpac Banking Corp Market Update Transcript Mar 27, 2025. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Westpac-Banking-Corp-Market-Update-T16298027>
  
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