Bank of Western Australia expects to achieve a better result in 2003, though the bank must make further provisions against one troubled mining loan, redundancy costs and deal with slower growth in revenues from home lending.
Managing director Terry Budge told BankWest's AGM yesterday that the June half year result would reflect the redundancy costs for the departure of about 200 staff and additional restructuring costs.
He also said there were "signs that the housing market may be beginning to taper, with growth expected to be slower for the remainder of this...
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