February 4, 2018 / 9:04 PM / 16 days ago

BRIEF-Westpac Banking Says Common Equity Tier 1 Capital Ratio Was 10.1 Pct At 31 Dec 2017

Feb 5 (Reuters) - Westpac Banking Corp:

* COMMON EQUITY TIER 1 CAPITAL RATIO WAS 10.1% AT 31 DECEMBER 2017

* ‍TOTAL RWA INCREASED $6.1 BILLION OR 1.5% THIS QUARTER​

* HAS CEASED TO USE ITS PREFERRED RANGE FOR CET1 RATIO OF 8.75% TO 9.25% AS A GUIDE TO MANAGING CAPITAL LEVELS

* WILL REVISE ITS PREFERRED RANGE FOR CET1 RATIO ONCE APRA FINALISES ITS REVIEW OF CAPITAL ADEQUACY FRAMEWORK

* WESTPAC WILL SEEK TO OPERATE WITH A CET1 RATIO OF AT LEAST 10.5% IN MARCH AND SEPTEMBER Source text for Eikon: Further company coverage:

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