(Reuters) – Australia’s Westpac Banking Corp reported a 3% autumn in yearly revenue on Monday, as a result of climbing expenses and extreme competitors in the home loan market, while it raised its buyback program by an added A$ 1 billion.
Australia’s third biggest loan provider by market price reported web revenue attributable of A$ 6.99 billion ($ 4.61 billion) for the year finishedSept 30, compared to A$ 7.20 billion reported in 2015 and an LSEG quote of A$ 6.50 billion.
($ 1 = 1.5147 Australian bucks)
(Reporting by Archishma Iyer and John Biju in Bengaluru; Editing by Chris Reese)
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