Australia's Westpac Bank posts 14 percent increase in annual profit to $6.7 billion

  • by: Associated Press
  • Updated: November 3, 2013 - 5:25 PM

SYDNEY — Westpac Banking Corp., one of Australia's largest banks, on Monday reported a 14 percent rise in its annual profit to 7.1 billion Australian dollars ($6.7 billion), saying it was poised to benefit from increased lending in the current fiscal year.

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