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Westpac CEO pitches ambitious growth agenda, as half-year profit dips

Westpac chief executive Anthony Miller is pursuing a more ambitious growth agenda than predecessor Peter King, boosting lending to small business and pushing his bankers to sell more products to existing customers to fend off major competitors.

The re-election of the Albanese government with an increased majority over the weekend was positive for business confidence, Miller said as he handed down his first financial result as CEO. The first of the big four banks to report interim earnings, Westpac posted a 1 per cent dip in its first half profit to $3.3 billion.

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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
Joyce Moullakis writes on banking and finance, specialising in investment banking, private equity, and financial services. Connect with Joyce on Twitter. Email Joyce at joyce.moullakis@nine.com.au

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    Original URL: https://www.afr.com/companies/financial-services/westpac-ceo-pitches-ambitious-growth-agenda-as-half-year-profit-dips-20250502-p5lvzl