Westpac
(ASX:WBC) have reported a full year profit of $8.1 billion, up just 1 per cent on last year's results.
Business growth was slightly improved with loan growth of 4 per cent, average funds up 4 per cent, and Life Insurance premiums 20 per cent higher.
Results were impacted by the higher provisions relating to customer refunds, payments and costs, the full period impact of the bank levy, and a lower markets contribution.
The bank will pay a fully franked dividend of 94 cents a share.
Shares in Westpac
(ASX:WBC) are trading 0.4 per cent lower to $26.39.
