Westpac New Zealand Covered Bond Investor Presentation 2021

Westpac New Zealand Limited presented its covered bond investor update for May 2021, highlighting strong capital position, improved asset quality, and solid H1 net profit of NZ$523 million. The presentation outlines the bank's retail-focused strategy, 82% deposit-to-loan ratio, and prime residential mortgage cover pool with 50% weighted average LVR. Economic forecasts project 4.2% GDP growth for 2021 and 4.4% for 2022, supported by ongoing economic recovery post-COVID-19.