Westpac Banking Corporation Limited
(ASX:WBC) says interim net profit was up 3 per cent to $3.7 billion for the six months to the end of March.
The bank said solid operating performance across all divisions resulted in an 8 per cent rise in core earnings.
New regulatory requirements saw a large increase in capital over the year with $6 billion added to the coffers including a $3.5 billion entitlement offer.
The increased capital requirements impacted on returns however with the bank declaring an interim dividend of 94 cents per share, up one per cent on the interim dividend last year.
