Westpac reports stable funding mix and small shrinkage in liquids book

Westpac Banking Corporation's results for the first half of the 2011/12 financial year, released on May 3, show the bank to have a similar on- and offshore composition of its total wholesale funding mix as its peer, ANZ Banking Group (ANZ). Westpac disclosed a domestic currency proportion of wholesale funding excluding securitisation of nearly 38 per cent at March 31 2012; at its first half results announcement a day earlier ANZ revealed an equivalent figure of 39 per cent.