Westpac Banking (ASX:WBCPH.PFD) Allowance For Loans And Lease Losses : A$-4,433.00 Mil (As of Sep. 2023)

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What is Westpac Banking Allowance For Loans And Lease Losses?

Westpac Banking's Allowance For Loans And Lease Losses for the quarter that ended in Sep. 2023 was A$-4,433.00 Mil.

Westpac Banking's quarterly Allowance For Loans And Lease Losses declined from Sep. 2022 (A$-4,206.00 Mil) to Mar. 2023 (A$-4,470.00 Mil) but then increased from Mar. 2023 (A$-4,470.00 Mil) to Sep. 2023 (A$-4,433.00 Mil).

Westpac Banking's annual Allowance For Loans And Lease Losses increased from Sep. 2021 (A$-4,589.00 Mil) to Sep. 2022 (A$-4,206.00 Mil) but then declined from Sep. 2022 (A$-4,206.00 Mil) to Sep. 2023 (A$-4,433.00 Mil).

Westpac Banking Allowance For Loans And Lease Losses Historical Data

The historical data trend for Westpac Banking's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Westpac Banking Allowance For Loans And Lease Losses Chart

Westpac Banking Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Allowance For Loans And Lease Losses

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-3,608.00

-5,602.00

-4,589.00

-4,206.00

-4,433.00

Westpac Banking Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-4,589.00	-4,195.00	-4,206.00	-4,470.00	-4,433.00

Westpac Banking Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Westpac Banking Allowance For Loans And Lease Losses Related Terms

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Westpac Banking (ASX:WBCPH.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Westpac Banking Corp (ASX:WBCPH.PFD) » Definitions » Allowance For Loans And Lease Losses

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Traded in Other Exchanges

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Address

275 Kent Street, Sydney, NSW, AUS, 2000

Website

https://www.westpac.com.au

Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.

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