Westpac raises buffers for bad loans as it braces for slowdown
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Source: The Age
Published: 2026-05-05 13:54 UTC+10:00
Section: Business / Banking & finance
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Military & Defence, Economy & Finance, Business & Economy, War & Conflict
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Snippet:
Westpac has raised its buffers for soured loans as it prepares for a weakening in the economy due to the Middle East war, even as its latest results showed fewer borrowers were struggling with repayments.
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