16 Feb 2010

Westpac first quarter operating profits jump

1:44 pm on 16 February 2010

Westpac's first quarter profit has climbed by a third to $1.6 billion in the three months to the end of December.

Customer deposits and lending increased during the period.

The bank says the first quarter performance provides clear signs of an improved environment, with reduced impairments and good momentum across all businesses.