Westpac's strategy session last Thursday doled out a few highlights worth taking note of but ignored elsewhere in the enthusiasm to embrace a Clayton's profit forecast from the bank. Making use of the presentation from Mike Pratt, Westpac's group executive, business and consumer banking:
• Westpac estimates the industry profit for mortgages in Australia at $1.9 billion.
• the bank estimates the total consumer banking profit pool in Australia at $3.8 billion.
• Westpac's overall consumer banking market share, measured by profits, is 15 per...
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