According to its interim 2017 results westpac had total, Ask an Expert

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According to its Interim 2017 results, Westpac had total assets of $840bn, risk-weighted assets of $404.4bn, and equity capital of $40.3bn. Its customer deposits were $478.7bn.

1- What was the total value of all sources of funding used by Westpac at this point in time, excluding customer deposits and equity capital? Explain how you have calculated your answer.

2- What is the main role played by equity capital on a bank’s balance sheet? What is its purpose?

3- The Australian Prudential Regulatory Authority announced during 2017 a requirement for Australia’s four major banks to achieve a Capital Adequacy Ratio (CAR) of at least 10.5% by 2020. Has Westpac yet met that requirement? Show your workings and explain your answer.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93043696

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