Westpac Reports First-Quarter Profit Increase Driven by Home Loans and Institutional Lending

Westpac Banking Corp. has reported a rise in its first-quarter profit, attributed to an increase in home loans and robust growth in institutional lending. Bloomberg posted on X, highlighting the bank's performance in these key areas. The Australian bank's financial results reflect a positive trend in its lending activities, contributing to its overall profitability. This development comes as Westpac continues to focus on expanding its lending portfolio, particularly in the housing and institutional sectors. The bank's strategic emphasis on these areas has played a significant role in boosting its financial outcomes for the quarter.