Westpac Pillar 3 Report (June 2026)

ASX RELEASE


Westpac Banking Corporation
Level 18, 275 Kent Street
Sydney, NSW, 2000



10 August 2026

Pillar 3 Report as at 30 June 2026


Westpac Banking Corporation (“Westpac”) today provides the attached Pillar 3 Report
(June 2026).









For further information:

Hayden Cooper Justin McCarthy
Group Head of Media Relations General Manager, Investor Relations
0402 393 619 0422 800 321


This document has been authorised for release by Tim Hartin, Company Secretary.

PILLAR 3
REPORT
WESTPAC
JUNE 2026
INCORPORATING THE REQUIRE
MENTS OF APS 330
WESTPAC BANKING CORPORATION
ABN 33 007 457 141

Acknowledgement of Indigenous Peoples
Westpac acknowledges the First Peoples of Australia. We recognise
their ongoing role as Traditional Owners of the land and waters of
this country and pay our respects to Elders, past and present. We
extend our respect to Westpac’s Aboriginal and Torres Strait Islander
employees, partners and stakeholders and to the Indigenous Peoples
in the other locations where we operate.
In Aotearoa (New Zealand) we also acknowledge tāngata whenua and
the unique relationship that Indigenous Peoples share with all New
Zealanders under Te Tiriti o Waitangi.
2WESTPAC GROUP JUNE 2026 PILLAR 3 REPORT
Content
OVERVIEW3
Introduction4
Key Metrics5
Group Structure8
Capital Overview10
RISK MANAGEMENT15
Credit Risk Management16
Leverage Ratio17
Funding and Liquidity Risk Management18
OTHER INFORMATION19
Management's Declaration20
Appendices21
Glossary22
Disclosure regarding forward-
looking statements
25
In this report references to ‘Westpac’, 'WBC', ‘Westpac Group’, ‘the Group’, ‘we’, ‘us’ and ‘our’ are to Westpac Banking Corporation
ABN 33 007 457 141 and its subsidiaries unless it clearly means just Westpac Banking Corporation.
In this report, unless otherwise stated or the context otherwise requires, references to 'dollars', 'dollar amounts', ‘$’, ‘AUD’ or ‘A$’ are to Australian
dollars. References to ‘US$’, ‘USD’ or ‘US dollars’ are to United States dollars, references to ‘NZ$’, ‘NZD’ or ‘NZ dollars’ are to New Zealand dollars,
references to 'EUR' are to European Euro, references to 'SGD' are to Singapore dollars and references to 'JPY' are Japanese Yen.
Any discrepancies between totals and sums of components in tables contained in this report are due to rounding.
In this report, unless otherwise stated, disclosures reflect the Australian Prudential Regulation Authority’s (APRA) implementation of Basel III.
Information contained in or accessible through the websites mentioned in this report does not form part of this report unless we specifically state
that it is incorporated by reference and forms part of this report. Information on those websites owned by Westpac is current as at the date of this
report. Except as required by law, we assume no obligation to revise or update those websites after the date of this report. We are not in a position
to verify information on websites owned and/or operated by third parties.
Westpac Banking Corporation ABN 33 007 457 141

OVERVIEWRISK MANAGEMENTOTHER INFORMATION
3
OVERVIEW
INTRODUCTION
KEY METRICS
KM1: Key metrics
GROUP STRUCTURE
CAPITAL OVERVIEW
OV1: Overview of Risk Weighted Assets (RWA)
Summary of Credit Risk
CMS1: Comparison of modelled and standardised RWA at risk level

4WESTPAC GROUP JUNE 2026 PILLAR 3 REPORT
INTRODUCTION
Introduction
Westpac Banking Corporation is an Authorised Deposit-taking Institution (ADI) subject to regulation by the Australian
Prudential Regulation Authority (APRA). Westpac is primarily accredited to use the Advanced Internal Ratings-Based
Approach (A-IRB) for credit risk, the Standardised Measurement Approach (SMA) for operational risk and is required to
apply the Pillar 1 Basel capital framework in our assessment of traded market risk and interest rate risk in the banking
book (IRRBB).
This report has been prepared in accordance with APS 330 Public Disclosure (APS 330) and Westpac's Board approved
Prudential Disclosure Policy. This report provides prudential information about our risk management practices and
measures. Westpac is required to comply with the disclosure requirements issued by the Basel Committee on Banking
Supervision (BCBS), subject to certain amendments by APRA. Disclosure requirements vary for quarterly, semi-annual
and annual Pillar 3 reports.
In addition to this report, the regulatory disclosures section of Westpac's website
1
contains the reporting requirements
for capital instruments under paragraph 37 of APS 330 and CCA: Main features of regulatory capital instruments.
Capital instruments disclosures are updated when:
•A new capital instrument is issued that will form part of regulatory capital; or
•A capital instrument is redeemed, converted into Common equity tier 1 (CET1) capital, written off, or its terms and
conditions are changed.
1.
http://www.westpac.com.au/about-westpac/investor-centre/financial-information/regulatory-disclosures/

OVERVIEWRISK MANAGEMENTOTHER INFORMATION
5
KEY METRICS
KM1: Key metrics
1
Key MetricsKM1: Key metrics
1
This table shows Westpac's main regulatory ratios over the last five quarters.
$m30 June 202631 March 202631 December 202530 September 202530 June 2025
Available capital (amounts)
1Common Equity Tier 1 (CET1)56,01756,93655,69356,38054,576
2Tier 164,53565,45864,25664,97864,886
3Total capital96,44798,54397,58297,49197,410
Risk-weighted assets (amounts)
4Total risk-weighted assets (RWA)464,511458,343452,372450,048444,768
4aTotal risk-weighted assets (pre-floor)460,250458,343450,853450,048444,768
Risk-based capital ratios as a percentage
of RWA
5CET1 ratio (%)12.06%12.42%12.31%12.53%12.27%
5bCET1 ratio (%) (pre-floor ratio)12.17%12.42%12.35%12.53%12.27%
6Tier 1 ratio (%)13.89%14.28%14.20%14.44%14.59%
6bTier 1 ratio (%) (pre-floor ratio)14.02%14.28%14.25%14.44%14.59%
7Total capital ratio (%)20.76%21.50%21.57%21.66%21.90%
7bTotal capital ratio (%) (pre-floor ratio)20.96%21.50%21.64%21.66%21.90%
Additional CET1 buffer requirements as a
percentage of RWA
8Capital conservation buffer
requirement (%)
3.75%3.75%3.75%3.75%3.75%
9Countercyclical buffer requirement (%)0.85%0.84%0.84%0.84%0.84%
10Bank G-SIB and/or D-SIB additional
requirements (%)
1.00%1.00%1.00%1.00%1.00%
11Total of bank CET1 specific buffer
requirements (%)
(row 8 + row 9 + row 10)
5.60%5.59%5.59%5.59%5.59%
12CET1 available after meeting the bank’s
minimum capital requirements (%)
7.56%7.92%7.81%8.03%7.77%
Basel III Leverage ratio
13Total Basel III leverage ratio
exposure measure
1,329,8751,314,1891,286,1131,282,2071,263,823
14Basel III leverage ratio (%) (including
the impact of any applicable temporary
exemption of central bank reserves)
4.85%4.98%5.00%5.07%5.13%
Liquidity Coverage Ratio (LCR)
a
15Total high-quality liquid assets (HQLA)183,484183,143181,495189,346179,984
16Total net cash outflow137,401138,483136,802137,975134,500
17LCR ratio (%)134%132%133%137%134%
Net Stable Funding Ratio (NSFR)
18Total available stable funding820,487802,951793,215780,361775,219
19Total required stable funding738,035714,991708,148687,987681,331
20NSFR ratio (%)111%112%112%113%114%
a.LCR disclosures are based on quarterly averages.
Level 1 Capital Adequacy Ratios
30 June 202631 March 202631 December 202530 September 202530 June 2025
CET1 ratio (%)12.34%12.75%12.52%12.74%12.34%
CET1 ratio (%) (pre-floor ratio)12.40%12.75%12.52%12.74%12.34%
Tier 1 ratio (%)14.34%14.77%14.60%14.83%14.89%
Tier 1 ratio (%) (pre-floor ratio)14.41%14.77%14.60%14.83%14.89%
Total capital ratio (%)21.93%22.71%22.71%22.77%23.01%
Total capital ratio (%) (pre-floor ratio)22.03%22.71%22.71%22.77%23.01%
1.The KM1 key metrics reflects the application of expected credit loss accounting under AASB 9 Financial Instruments.

6WESTPAC GROUP JUNE 2026 PILLAR 3 REPORT
KEY METRICS
Level 2 CET1 capital ratio movement Third Quarter 2026 - Second Quarter 2026
12.42%
38bps
(57bps)
(18bps)
1bp
12.06%
Mar-26Net profitDividendsRWA movementCapital
deductions and
other items
Jun-26
The Level 2 CET1 capital ratio declined by 36 basis points to 12.1%. Key movements included:
•Third quarter 2026 net profit added 38 basis points;
•Payment of the 2026 interim ordinary dividend detracted 57 basis points;
•RWA growth detracted 18 basis points mainly from higher credit RWA and the capital floor RWA adjustment partly
offset by lower IRRBB RWA; and
•Capital deductions and other items added 1 basis point mainly due to lower capitalised software balances and other
reserve movements.
Tier 2 capital Third Quarter 2026 – Second Quarter 2026
The Group issued $0.7 billion and redeemed $2.0 billion of Tier 2 capital instruments. The net impact of these
transactions was a decrease in the total capital ratio of approximately 22 basis points.
Risk Weighted Assets (RWA)
$m30 June 202631 March 2026% Mov't
Credit risk
a
363,497357,0502
Market risk10,78010,5043
Interest rate risk in the banking book42,31047,088(10)
Operational risk43,66343,701-
Total risk weighted assets (pre-floor)460,250458,343-
Floor adjustment4,261--
Total464,511458,3431
a.Includes counterparty credit risk, credit valuation adjustment, securitisation exposures in the banking book and settlement risk.
Total RWA increased by 1% to $464.5 billion over the quarter with higher credit RWA partly offset by lower non-
credit RWA.
Credit RWA increased by $6.4 billion. Key movements included:
•A $4.7 billion increase from higher lending primarily in Corporate, Large Corporate and Specialised Lending;
•A $1.6 billion increase mainly from higher delinquencies in Residential Mortgages and modest rating migrations in
the Corporate portfolio;
•A $1.5 billion increase from credit valuation adjustment and counterparty credit risk due to increases in the mark-to-
market value of derivatives from changes in underlying foreign currency rates;
•A $0.7 billion decrease from foreign currency translation impacts, predominantly the appreciation of the AUD against
the NZD; and
•A $0.6 billion decrease from data refinements.

OVERVIEWRISK MANAGEMENTOTHER INFORMATION
7
Non-credit RWA decreased by $4.5 billion. Key movements included:
•IRRBB RWA: A $4.8 billion decrease due to a reduction in the embedded loss component from lower long-term
interest rates over the quarter and a net decrease in repricing and yield curve risk in line with underlying banking
book positions; and
•Market RWA: A $0.3 billion increase driven by changes in interest rate risk positioning.
The capital floor RWA adjustment as at 30 June 2026 was $4.3 billion mainly from lower IRRBB RWA.
Leverage ratio Third Quarter 2026 – Second Quarter 2026
The leverage ratio represents the percentage of Tier 1 capital relative to the Exposure Measure
1
. The leverage ratio was
4.9% at 30 June 2026, down 13 basis points over the quarter and well above APRA's regulatory minimum requirement of
3.5%. The decrease in the leverage ratio was due to higher total exposures mostly from higher lending and lower Tier 1
capital following the payment of the 2026 interim ordinary dividend.
Liquidity Coverage Ratio (LCR)
Westpac’s average LCR for the quarter ended 30 June 2026 was 134% (31 March 2026: 132%), well above the regulatory
minimum of 100%. The increase in the ratio was due to lower average net cash outflows.
Net Stable Funding Ratio (NSFR)
Westpac NSFR for the quarter ended 30 June 2026 was 111% (31 March 2026: 112%) and continues to be above the
regulatory minimum of 100%. The decrease for the quarter reflects an increase in available stable funding, driven by
growth in customer deposits and an increase in wholesale funding, more than offset by growth in customer lending.
Regulatory Developments
APRA has announced a number of changes to banks' capital and liquidity requirements. In addition, the RBNZ has
announced its decisions relating to its review of key capital settings for deposit takers. Further details on these
announcements are set out in the Capital Overview section.
1.
As defined under Attachment D of APS 110: Capital Adequacy.

8WESTPAC GROUP JUNE 2026 PILLAR 3 REPORT
GROUP STRUCTURE
Group Structure
APRA applies a tiered approach to measuring Westpac’s capital adequacy
1
by assessing financial strength at
three levels:
•Level 1, comprising Westpac Banking Corporation and its subsidiary entities that have been approved by APRA as
being part of a single ‘Extended Licensed Entity’ (ELE) for the purposes of measuring capital adequacy;
•Level 2, the consolidation of Westpac Banking Corporation and all its subsidiary entities except those entities
specifically excluded by APRA regulations. The head of the Level 2 group is Westpac Banking Corporation; and
•Level 3, the consolidation of Westpac Banking Corporation and all its subsidiary entities.
Unless otherwise specified, all quantitative disclosures in this report refer to the prudential assessment of Westpac’s
financial strength on a Level 2 basis
2
.
The Westpac Group
The following diagram shows the Level 3 conglomerate group and illustrates the different tiers of
regulatory consolidation.
Westpac Banking
Corporation
Offshore Branches and
Extended Licensed Entities
Westpac New Zealand Limited
Other Banking & Financial Entities
Funds Management, Non-
FinancialOperations, Special
Purpose Entities and Insurance
Level 3
Level 2
Level 1
Accounting consolidation
3
The consolidated financial statements incorporate the assets and liabilities of all entities including structured entities
controlled by Westpac. Westpac and its subsidiaries are referred to collectively as the ‘Group’. The effects of all
transactions between entities in the Group are eliminated on consolidation. Control exists when the parent entity
is exposed to, or has rights to, variable returns from its involvement with an entity, and has the ability to affect
those returns through its power over that entity. Subsidiaries are fully consolidated from the date on which control
commences and they are no longer consolidated from the date that control ceases.
Group entities excluded from the regulatory consolidation at Level 2
Regulatory consolidation at Level 2 covers the global operations of Westpac and its subsidiary entities, including other
controlled banking, securities and financial entities, except for those entities involved in the following business activities:
•Acting as manager, responsible entity, approved trustee, trustee or similar role in relation to funds management;
•Non-financial (commercial) operations;
•Special purpose entities to which assets have been transferred in accordance with the requirements of
APS 120 Securitisation; or
•Insurance.
Retained earnings and equity investments in subsidiary entities excluded from the consolidation at Level 2 are deducted
from capital, with the exception of securitisation special purpose entities.
1.
APS 110 Capital Adequacy outlines the overall framework adopted by APRA for the purpose of assessing the capital adequacy of an ADI.
2.Impaired assets and provisions held in Level 3 entities are excluded from the tables in this report.
3.Refer to Note 29 and Consolidated Entity Disclosure Statement of Westpac’s 2025 Annual Report for further details.

OVERVIEWRISK MANAGEMENTOTHER INFORMATION
9
Subsidiary banking entities
Westpac New Zealand Limited (WNZL), a wholly owned subsidiary entity, is a registered bank incorporated in
New Zealand and regulated by, among others, the Reserve Bank of New Zealand (RBNZ) for prudential purposes.
WNZL uses both A-IRB and Standardised methodologies for credit risk and the SMA for operational risk. Other
subsidiary banking entities in the Group include Westpac Bank PNG Limited and Westpac Europe GMBH. For the
purposes of determining Westpac’s capital adequacy, subsidiary banking entities are consolidated at Level 2.
Customer operations
Westpac is one of Australia's leading providers of banking and certain financial services, operating under multiple
brands in Australia and in New Zealand, with a small presence in Europe, North America, Asia and the Pacific. Westpac
provides banking products and services through its digital and online channels, supported by a branch and ATM
network, contact centres and relationship and product managers.
Restrictions and major impediments on the transfer of funds or regulatory capital within the Group
Certain subsidiary banking and trustee entities are subject to specific and local prudential regulation in their own right,
including local capital adequacy requirements. Westpac seeks to ensure that its subsidiary entities are adequately
capitalised and adhere to regulatory requirements at all times. Dividends and capital are repatriated in line with the
Group’s policy subject to subsidiary Board approval and local regulations.
Intra-group exposure limits
Exposures to related entities are managed within the prudential limits prescribed by APRA in APS 222 Associations with
Related Entities
1
. Westpac has an internal limit structure and approval process governing credit exposures to related
entities. This limit structure and approval process, combined with APRA’s prudential limits, is designed to reduce the
potential for unacceptable contagion risk.
Updates to large and related entity exposure limit calculations resulting from the changes to banks' capital
requirements are outlined in the Capital Overview section. These changes are effective from 1 January 2027.
1.
For the purposes of APS 222, subsidiaries controlled by Westpac, other than subsidiaries that form part of the ELE, represent ‘related entities’.
Prudential and internal limits apply to intra-group exposures between the ELE and related entities, both on an individual and aggregate basis.

10WESTPAC GROUP JUNE 2026 PILLAR 3 REPORT
CAPITAL OVERVIEW
Capital Overview
Capital management strategy
Westpac's capital management strategy is reviewed on an ongoing basis, including through an annual Internal Capital
Adequacy Assessment Process (ICAAP). Key considerations include:
•Regulatory capital minimums together with the capital conservation buffer and countercyclical capital buffer
comprise the total CET1 requirement. The total CET1 requirement is currently at least 10.25% and 10.50% effective
1 January 2027
1
;
•Strategy, business mix and operations and contingency plans;
•Perspectives of external stakeholders including rating agencies as well as equity and debt investors; and
•A stress testing framework that tests our resilience under a range of adverse economic scenarios.
The Board has determined a target post dividend CET1 capital ratio of above 11.25% in normal operating conditions.
Regulatory developments
APRA's phase out of AT1 capital as eligible bank capital
On 4 December 2025, APRA published the final changes to the relevant prudential and reporting standards resulting
from the phase out of AT1 with an effective date of 1 January 2027. Under the revisions, large internationally active
banks such as Westpac will replace 1.5% of AT1 capital with 1.25% of Tier 2 capital and 0.25% of CET1 capital. The total
CET1 requirement, including regulatory buffers, will increase from 10.25% to 10.50%. There is no overall increase in total
capital requirements for banks.
On implementation of these revised prudential and reporting standards, existing AT1 capital instruments would be
included in the calculation of the amount of total capital, until their first scheduled call date. Existing Westpac AT1
capital instruments would reach their first scheduled optional redemption dates by 2031 at the latest.
In addition, effective 1 January 2027 the minimum leverage ratio requirement will be 3.25% based on CET1 capital
replacing the current requirement of 3.50% based on Tier 1 capital. APS 221 Large Exposures and APS 222 Associations
with Related Entities exposure limits remain unchanged, however these will be based on CET1 capital rather than Tier
1 capital.
APRA consultation on enhancements to bank capital and liquidity frameworks
On 16 March 2026, APRA announced that it will consult on a package of reforms to bank capital and liquidity settings.
The consultation will be run in three workstreams including the following:
•Targeted amendments to the standardised capital framework to increase risk sensitivity and better align capital
requirements with underlying risk;
•Changes to the liquidity framework including consideration of a new Pillar 2 liquidity framework to address risks not
covered by existing Liquidity Coverage Ratio minimum requirements;
•Implementation of a simplified version of the Basel Committee’s Fundamental Review of the Trading Book standard.
On 29 June 2026, APRA commenced consultation on reforms to credit risk capital requirements. The consultation
includes proposed changes to lower standardised risk weights for large domestic public infrastructure exposures, high-
quality unrated corporate exposures and certain residential land acquisition, development and construction exposures.
APRA intends to finalise the credit risk capital changes in the second half of the 2026 calendar year, with a proposed
effective date of 1 April 2027. Consultation on the liquidity and market risk workstreams are expected to commence over
the next 12 months.
RBNZ capital review
On 17 December 2025, the RBNZ announced its decisions relating to its review of key capital settings for deposit takers
(2025 Capital Review). Once implemented, the updated settings for Group 1 deposit takers
2
(including WNZL) will:
•Remove AT1 from the capital stack and phase out the recognition of existing AT1 instruments;
•Require the deposit taker to have a Tier 1 capital ratio of 12% (including a 6% prudential capital buffer (PCB) ratio);
•Require the deposit taker to have a total capital ratio of 15% (including the 6% PCB ratio).  Up to 3% of the total
capital ratio requirement can consist of subordinated debt eligible as Tier 2 capital to be issued to the Australian
parent bank;
•Require the deposit taker to have an additional 6% of RWAs of Loss Absorbing Capacity (LAC) instruments to be
issued to the Australian parent bank, bringing the total requirement including LAC to 21%;
1.
Noting that APRA may apply higher CET1 requirements for an individual ADI.
2.New Zealand deposit takers with total assets of NZ$100 billion or more.

OVERVIEWRISK MANAGEMENTOTHER INFORMATION
11
•Introduce more granular and lower standardised risk weights for certain asset classes.
On 18 June 2026, the RBNZ published consultations on an exposure draft of the Capital Standard under the Deposit
Takers Act 2023 (DT Act) and policy proposals for the Crisis Preparedness Standard under the DT Act, including the new
Tier 2 and LAC instrument design and further information on indicative implementation timelines.  The new Tier 2 and
LAC instruments will include write-off provisions. The RBNZ has indicated it intends to consult further on the design
and implementation timelines during 2027. The Capital Standard is expected to take effect on 1 December 2028, with
phased implementation.
On 28 July 2026, the RBNZ announced its decisions on changes to the Banking Prudential Requirements (BPRs), to
implement some of the decisions from the 2025 Review of Key Capital Settings, and to come into effect from 1 October
2026.  For domestic systemically important banks (including WNZL) these decisions include, as an interim measure,
permitting the issuance of Tier 2 instruments after 1 October 2026 and before 1 December 2028, with a shorter maturity
date or earlier redemption date than would otherwise be permitted under the current settings.  Additionally, the
amortisation table for Tier 2 instruments does not apply to short-dated Tier 2 instruments.

12WESTPAC GROUP JUNE 2026 PILLAR 3 REPORT
CAPITAL OVERVIEW
OV1: Overview of Risk Weighted Assets (RWA)
OV1: Overview of Risk Weighted Assets (RWA)
This table presents an overview of Westpac’s RWA and minimum capital requirements by risk type and approach.
$m
RWA
Minimum capital
requirements
30 June 202631 March 202631 December 202530 June 2026
1Credit risk (excluding counterparty credit risk)341,625336,739337,84127,329
2Of which: standardised approach (SA)21,00322,53323,3981,680
3Of which: foundation internal ratings-based (F-
IRB) approach
34,56533,19132,2202,765
4Of which: supervisory slotting approach13,52812,62012,8321,082
5Of which: advanced internal ratings-based (A-
IRB) approach
272,529268,395269,39121,802
6Counterparty credit risk (CCR)9,7718,8568,651782
7Of which: standardised approach for counterparty
credit risk
8,6357,8227,744691
9Of which: other CCR1,1361,03490791
10Credit valuation adjustment (CVA)3,2602,6452,257261
15Settlement risk4013203
16Securitisation exposures in banking book8,8018,7978,967704
18Of which: securitisation external ratings-based
approach (SEC-ERBA)
3,8314,1073,968306
19Of which: securitisation standardised approach (SEC-SA)4,9704,6904,999398
20Market risk10,78010,50410,728862
21Of which: standardised approach (SA)1,4351,6681,295115
22Of which: internal model approach (IMA)9,3458,8369,433747
AU20a
a
Interest rate risk in the banking book42,31047,08838,6633,385
24Operational risk43,66343,70143,7263,493
25Amounts below the thresholds for deduction (subject
to 250% risk weight)
----
26Output floor applied72.5%72.5%72.5%
27Floor adjustment (before application of transitional cap)---
28Floor adjustment (after application of transitional cap)4,261-1,519342
29Total (1 + 6 + 10 + 15 + 16 + 20 + AU20a + 24 + 25 + 28)464,511458,343452,37237,161
a.Line items with designations of AU are APRA's specific amendments.

OVERVIEWRISK MANAGEMENTOTHER INFORMATION
13
Summary of Credit Risk
Summary of Credit Risk
The following table provides a summary of credit risk and counterparty risks by asset classes to assist users of the
report as the information is disaggregated across a number of tables under current BCBS disclosure requirements.
EAD post CRM and post CCFRWANon-performing
$mCredit risk
Counterparty
credit riskTotalCredit risk
Counterparty
credit riskTotalExposures
ECL
Accounting
provisions
As at 30 June 2026
Subject to A-IRB approach
Corporate190,7305,243195,973
97,4641,71199,1752,450691
Residential Mortgages596,547-596,547
117,530-117,5304,838447
SME Retail26,538-26,538
15,932-15,9321,054250
Qualifying Revolving Retail13,921-13,921
3,635-3,6359436
Other Retail1,800-1,800
2,285-2,2855225
Subject to F-IRB approach
Large Corporate46,4933,36249,855
22,9761,20024,17611971
Sovereign152,5383,889156,427
1,8452032,048--
Financial Institutions25,75423,99149,745
9,7446,19215,936449
Total IRB approach1,054,32136,4851,090,806271,4119,306280,7178,6511,529
Subject to Standardised approach
Corporate1,4025,2376,6391,3921931,585289
Residential Property11,351-11,35111,269-11,26932352
Other3,374-3,3741,998-1,9983015
Other assets7,352-7,3524,139-4,139--
Total Standardised approach23,4795,23728,71618,79819318,99138176
Specialised Lending8,3273728,6996,1992726,4715944
RBNZ Regulated Entities122,755-122,75545,217-45,217888138
Securitisation47,5908,801
Settlement risk1840
Credit valuation adjustment3,260
Total credit risk1,208,88242,0941,298,584341,6259,771363,4979,9791,787
As at 31 March 2026
Subject to A-IRB approach
Corporate184,9304,394189,32493,5371,54995,0862,451667
Residential Mortgages589,187-589,187117,059-117,0594,603433
SME Retail26,354-26,35415,966-15,9661,073208
Qualifying Revolving Retail14,013-14,0133,711-3,7119737
Other Retail1,831-1,8312,331-2,3316539
Subject to F-IRB approach
Large Corporate43,8223,17646,99821,4911,21822,70913983
Sovereign155,5453,480159,0251,8681742,042--
Financial Institutions26,53822,55049,0889,8325,46415,2964810
Total IRB approach1,042,22033,6001,075,820265,7958,405274,2008,4761,477
Subject to Standardised approach
Corporate1,4265,1886,6141,4162111,6273317
Residential Property11,537-11,53711,456-11,45633053
Other3,278-3,2781,871-1,871218
Other assets8,761-8,7615,443-5,443--
Total Standardised approach25,0025,18830,19020,18621120,39738478
Specialised Lending6,9243077,2315,2162405,4565744
RBNZ Regulated Entities124,192-124,19245,542-45,542871133
Securitisation47,4288,797
Settlement risk413
Credit valuation adjustment2,645
Total credit risk1,198,33839,0951,284,865336,7398,856357,0509,7881,732

14WESTPAC GROUP JUNE 2026 PILLAR 3 REPORT
CAPITAL OVERVIEW
CMS1: Comparison of modelled and standardised RWA at risk level
CMS1: Comparison of modelled and standardised RWA at risk level
This table provides a summary of Westpac's risk weighted assets by risk type and measurement approach, and
compares it to the output floor calculated under the standardised approach.
$m
abcd
RWA
RWA for modelled
approaches that
banks have
supervisory approval
to use
RWA for portfolios
where standardised
approaches are used
Total Actual RWA (a + b)
(ie RWA which
banks report as
current requirements)
RWA calculated using
full standardised
approach (ie used
in the base of the
output floor)
As at 30 June 2026
1Credit risk (excluding counterparty credit risk)320,62221,003341,625549,523
2Counterparty credit risk9,5771949,77124,638
3Credit valuation adjustment3,2603,2603,260
4Securitisation exposures in the banking book-8,8018,8018,801
5Market risk9,3451,43510,78010,780
AU5a
a
Interest rate risk in the banking book42,310-42,310-
6Operational risk43,66343,66343,663
7Residual RWA404040
8Total381,85478,396460,250640,705
Output floor at 72.5% of RWA calculated using full standardised approach464,511
RWA prior to application of Floor460,250
Floor adjustment4,261
As at 31 March 2026
1Credit risk (excluding counterparty credit risk)314,20622,533336,739541,800
2Counterparty credit risk8,6452118,85622,233
3Credit valuation adjustment2,6452,6452,645
4Securitisation exposures in the banking book-8,7978,7978,797
5Market risk8,8361,66810,50410,504
AU5a
a
Interest rate risk in the banking book47,088-47,088-
6Operational risk43,70143,70143,701
7Residual RWA131313
8Total378,77579,568458,343629,693
Output floor at 72.5% of RWA calculated using full standardised approach456,527
RWA prior to application of Floor458,343
Floor adjustment-
a.Line items with designations of AU are APRA's specific amendments.

OVERVIEWRISK MANAGEMENTOTHER INFORMATION
15
RISK
MANAGEMENT
CREDIT RISK MANAGEMENT
CR8: RWA flow statements of credit risk exposures under IRB
LEVERAGE RATIO
LR2: Leverage ratio common disclosure template
FUNDING AND LIQUIDITY RISK MANAGEMENT
LIQ1: Liquidity Coverage Ratio

16WESTPAC GROUP JUNE 2026 PILLAR 3 REPORT
CREDIT RISK MANAGEMENT
CR8: RWA flow statements of credit risk exposures under IRB
Credit Risk ManagementCR8: RWA flow statements of credit risk exposures under IRB
The following table provides details on the drivers of changes in credit RWA measured under the IRB approach.
$m
Quarter ended
30 June 202631 March 2026
1RWA as at end of previous reporting period314,206314,443
2Asset size6,1025,212
3Asset quality1,564(2,678)
4Model updates-500
5Methodology and policy--
6Acquisitions and disposals--
7Foreign exchange movements(634)(1,779)
8Other(616)(1,492)
9RWA as at end of reporting period320,622314,206

OVERVIEWRISK MANAGEMENTOTHER INFORMATION
17
LEVERAGE RATIO
LR2: Leverage ratio common disclosure template
Leverage RatioLR2: Leverage ratio common disclosure template
The table below provides a detailed breakdown of the components of the leverage ratio denominator, as well as
information on the leverage ratio, minimum requirements and buffers.
$m30 June 202631 March 202631 December 2025
On-balance sheet exposures
1On-balance sheet exposures (excluding derivatives and securities financing
transactions (SFTs), but including collateral)
1,161,3121,149,8021,125,672
2Gross-up for derivatives collateral provided where deducted from balance sheet
assets pursuant to the operative accounting framework
5,0624,6184,315
3(Deductions of receivable assets for cash variation margin provided in
derivatives transactions)
(4,873)(3,916)(4,798)
4(Adjustment for securities received under securities financing transactions that
are recognised as an asset)
---
5(Specific and general provisions associated with on-balance sheet exposures
that are deducted from Tier 1 capital)
---
6(Asset amounts deducted in determining Tier 1 capital and
regulatory adjustments)
(15,343)(15,373)(15,334)
7Total on-balance sheet exposures (excluding derivatives and SFTs) (sum of
rows 1 to 6)
1,146,1581,135,1311,109,855
Derivative exposures
8Replacement cost associated with all derivatives transactions (where applicable
net of eligible cash variation margin, with bilateral netting and/or the specific
treatment for client cleared derivatives)
11,2709,7826,443
9Add-on amounts for potential future exposure associated with all
derivatives transactions
27,22028,26228,448
10(Exempted central counterparty (CCP) leg of client-cleared trade exposures)---
11Adjusted effective notional amount of written credit derivatives9,7431,6582,354
12(Adjusted effective notional offsets and add-on deductions for written
credit derivatives)
(9,743)(1,614)(2,354)
13Total derivative exposures (sum of rows 8 to 12)38,49038,08834,891
Securities financing transaction exposures
14Gross SFT assets (with no recognition of netting), after adjustment for sale
accounting transactions
29,54624,84526,308
15(Netted amounts of cash payables and cash receivables of gross SFT assets)(3,103)(2,857)(2,127)
16Counterparty credit risk exposure for SFT assets3,1222,7382,748
17Agent transaction exposures---
18Total securities financing transaction exposures (sum of rows 14 to 17)29,56524,72626,929
Other off-balance sheet exposures
19Off-balance sheet exposure at gross notional amount231,919232,480230,692
20(Adjustments for conversion to credit equivalent amounts)(116,257)(116,236)(116,254)
21(Specific and general provisions associated with off-balance sheet exposures
deducted in determining Tier 1 capital)
---
22Off-balance sheet items (sum of rows 19 to 21)115,662116,244114,438
Capital and total exposures
23Tier 1 capital64,53565,45864,256
24Total exposures (sum of rows 7, 13, 18 and 22)1,329,8751,314,1891,286,113
Leverage ratio
25Leverage ratio (including the impact of any applicable temporary exemption of
central bank reserves)
4.85%4.98%5.00%
25aLeverage ratio (excluding the impact of any applicable temporary exemption of
central bank reserves)
4.85%4.98%5.00%
26National minimum leverage ratio requirement3.50%3.50%3.50%
27Applicable leverage buffers---
Disclosure of mean values
28Mean value of gross SFT assets, after adjustment for sale accounting
transactions and netted of amounts of associated cash payables and
cash receivables
26,44321,98824,181
29Quarter-end value of gross SFT assets, after adjustment for sale accounting
transactions and netted of amounts of associated cash payables and
cash receivables
33,47423,47421,587
30Total exposures (including the impact of any applicable temporary exemption
of central bank reserves) incorporating mean values from row 28 of gross SFT
assets (after adjustment for sale accounting transactions and netted of amounts
of associated cash payables and cash receivables)
1,329,8751,314,1891,286,113
30aTotal exposures (excluding the impact of any applicable temporary exemption
of central bank reserves) incorporating mean values from row 28 of gross SFT
assets (after adjustment for sale accounting transactions and netted of amounts
of associated cash payables and cash receivables)
1,329,8751,314,1891,286,113
31Basel III leverage ratio (including the impact of any applicable temporary
exemption of central bank reserves) incorporating mean values from row 28 of
gross SFT assets (after adjustment for sale accounting transactions and netted
of amounts of associated cash payables and cash receivables)
4.85%4.98%5.00%
31aBasel III leverage ratio (excluding the impact of any applicable temporary
exemption of central bank reserves) incorporating mean values from row 28 of
gross SFT assets (after adjustment for sale accounting transactions and netted
of amounts of associated cash payables and cash receivables)
4.85%4.98%5.00%

18WESTPAC GROUP JUNE 2026 PILLAR 3 REPORT
FUNDING AND LIQUIDITY RISK MANAGEMENT
LIQ1: Liquidity Coverage Ratio
Funding and Liquidity Risk ManagementLIQ1: Liquidity Coverage Ratio
The Liquidity Coverage Ratio (LCR) measures a bank’s ability to meet its liquidity needs under an acute liquidity stress
scenario (prescribed by APRA), measured over a 30-day time frame. LCR is calculated as high-quality liquid assets
(HQLA) as a percentage of net cash outflows (NCO). The minimum regulatory requirement is 100%.
Average LCR is calculated as a simple average of the daily observations over the quarter. The number of data points
used is reported in the table.
Westpac’s average LCR for the quarter was 134% (31 March 2026: 132%).
The increase in average LCR for the quarter ended 30 June 2026 reflects lower average NCOs of $1.1 billion, mainly due
to reduction in wholesale funding maturities compared to the prior quarter. Average liquid assets were higher driven by
higher average short-term funding balance, offset by wider average funding gap and higher average collateral outflows
over the quarter.
HQLA averaged $178.6 billion (31 March 2026: $178.0 billion), increase of $0.6 billion or 0.3% over the quarter, comprising
of cash and balances with central banks, Australian government and semi-government bonds. Westpac also holds other
liquid assets, mainly qualifying RBNZ securities.
Funding is sourced from retail, small business, corporate and institutional customer deposits and wholesale funding.
Westpac seeks to minimise the outflows associated with this funding by targeting customer deposits with lower LCR
outflow rates and actively manages the maturity profile of its wholesale funding portfolio.
30 June 202631 March 2026
$m
Total unweighted
value (average)
Total weighted
value (average)
Total unweighted
value (average)
Total weighted
value (average)
Liquid assets, of which:
1High-quality liquid assets (HQLA)178,560177,953
Alternative Liquid Assets (ALA)--
Reserve Bank of New Zealand (RBNZ) securities4,9245,190
Cash outflows
2Retail deposits and deposits from small business customers,
of which:
410,16434,388404,39933,799
3Stable deposits214,31010,716209,22510,461
4Less stable deposits195,85423,672195,17423,338
5Unsecured wholesale funding, of which:176,74176,023177,80877,392
6Operational deposits (all counterparties) and deposits in
networks of cooperative banks
78,58419,56380,52020,051
7Non-operational deposits (all counterparties)87,89746,20086,95647,009
8Unsecured debt10,26010,26010,33210,332
9Secured wholesale funding1,326532
10Additional requirements, of which:203,41233,053207,77637,935
11Outflows related to derivative exposures and other
collateral requirements
14,96114,12518,53617,781
12Outflows related to loss of funding on debt products2292291,4531,453
13Credit and liquidity facilities188,22218,699187,78718,701
14Other contractual funding obligations11,1857,80810,0177,016
15Other contingent funding obligations75,5366,01669,5075,415
16Total Cash Outflows158,614162,089
Cash inflows
17Secured lending (e.g. reverse repos)20,9768318,004-
18Inflows from fully performing exposures11,2556,0138,8404,614
19Other cash inflows15,11715,11718,99218,992
20Total Cash Inflows47,34821,21345,83623,606
Total
adjusted value
Total
adjusted value
21Total HQLA183,484183,143
22Total net cash outflows137,401138,483
23Liquidity Coverage Ratio (%)134%132%
Number of data points used6264

OVERVIEWRISK MANAGEMENTOTHER INFORMATION
19
OTHER
INFORMATION
MANAGEMENT'S DECLARATION
APPENDICES
Appendix I – Regulatory capital instruments
GLOSSARY
DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS

20WESTPAC GROUP JUNE 2026 PILLAR 3 REPORT
MANAGEMENT'S DECLARATION
Management's Declaration
I hereby certify that the information set out in the June 2026 Pillar 3 report has been prepared in accordance
with Westpac's disclosure policy and complies with the requirements of the Australian Prudential Standards,
APS 330 Public Disclosure.
Nathan Goonan
Chief Financial Officer
Sydney
9 August 2026

OVERVIEWRISK MANAGEMENTOTHER INFORMATION
21
APPENDICES
Appendix I – Regulatory capital instruments
AppendicesAppendix I – Regulatory capital instruments
The table below provides the list of Westpac's regulatory capital instruments and the amounts recognised as at
30 June 2026.
$m30 June 2026
Ordinary shares
Ordinary shares
a
36,235
Additional Tier 1 Capital included in Regulatory Capital
USD AT1 securities1,819
Westpac Capital Notes 71,723
Westpac Capital Notes 81,750
Westpac Capital Notes 91,509
Westpac Capital Notes 101,750
Total Additional Tier 1 Capital Instruments8,551
Tier 2 Capital included in Regulatory Capital
USD 100 million Westpac Subordinated Notes146
USD 1,500 million Westpac Subordinated Notes2,181
AUD 185 million Westpac Subordinated Notes185
AUD 130 million Westpac Subordinated Notes130
USD 1,000 million Westpac Subordinated Notes1,454
USD 1,250 million Westpac Subordinated Notes1,818
USD 1,000 million Westpac Subordinated Notes1,454
USD 1,500 million Westpac Subordinated Notes2,181
USD 1,000 million Westpac Subordinated Notes1,454
USD 1,250 million Westpac Subordinated Notes1,818
JPY 26,000 million Westpac Subordinated Notes233
USD 1,000 million Westpac Subordinated Notes1,454
SGD 450 million Westpac Subordinated Notes506
AUD 1,500 million Westpac Subordinated Notes1,500
AUD 300 million Westpac Subordinated Notes300
AUD 1,100 million Westpac Subordinated Notes1,100
AUD 1,500 million Westpac Subordinated Notes1,500
USD 750 million Westpac Subordinated Notes1,091
AUD 650 million Westpac Subordinated Notes650
AUD 600 million Westpac Subordinated Notes600
AUD 500 million Westpac Subordinated Notes500
AUD 1,000 million Westpac Subordinated Notes1,000
USD 1,500 million Westpac Subordinated Notes2,181
AUD 850 million Westpac Subordinated Notes850
AUD 400 million Westpac Subordinated Notes400
AUD 1,500 million Westpac Subordinated Notes1,500
AUD 1,000 million Westpac Subordinated Notes1,000
AUD 1,500 million Westpac Subordinated Notes1,500
SGD 500 million Westpac Subordinated Notes562
JPY 13,000 million Westpac Subordinated Notes117
Total Tier 2 Capital Instruments31,365
a.Net of treasury shares.

22WESTPAC GROUP JUNE 2026 PILLAR 3 REPORT
GLOSSARY
Glossary
Capital AdequacyDescription
Common Equity Tier 1
(CET1) Capital
Comprises the highest quality components of capital that consists of paid-up share capital, retained profits and
certain reserves, less certain intangible assets, capitalised expenses and software, and investments and retained
profits in insurance and funds management subsidiaries that are not consolidated for capital adequacy purposes.
Internal Ratings-Based
approach (IRB & A-IRB)
These approaches allow banks to use internal estimates of the risks of their loans as inputs into the determination
of the amount of credit risk capital needed to support the organisation. In the Advanced IRB (A-IRB) approach,
banks must supply their own estimates for all three credit parameters – probability of default, loss given default
and exposure at default.
Leverage ratioThe leverage ratio is defined by APRA as Tier 1 capital divided by the “Exposure measure” and is expressed as a
percentage. “Exposure measure” includes on-balance sheet exposures, derivatives exposures, securities financing
transaction (SFT) exposures, and other off-balance sheet exposures.
Risk weighted
assets (RWA)
Assets (both on and off-balance sheet) are risk weighted according to each asset’s inherent potential for default
and what the likely losses would be in case of default. In the case of non-asset backed risks (i.e. market, IRRBB and
operational risk), RWA is determined by multiplying the capital requirements for those risks by 12.5.
Securities financing
transactions (SFT)
APRA defines SFTs as “transactions such as repurchase agreements, reverse repurchase agreements, and security
lending and borrowing, and margin lending transactions, where the value of the transactions depends on the
market valuation of securities and the transactions are typically subject to margin agreements.”
Tier 1 CapitalThe sum of CET1 and Additional Tier 1 (AT1) Capital. AT1 Capital comprises high quality components of capital
that consists of certain securities not included in CET1, but which include loss absorbing characteristics. AT1
instruments convert into equity and absorb losses when certain triggers are met.
Total CapitalThe sum of Tier 1 Capital and Tier 2 Capital. Tier 2 Capital includes subordinated instruments and other
components of capital that, to varying degrees, do not meet the criteria for Tier 1 Capital, but nonetheless
contribute to the overall strength of an ADI and its capacity to absorb losses when certain triggers are met.
Funding and liquidityDescription
Alternative Liquid
Assets (ALA)
Assets that qualify for inclusion in the numerator of the LCR in jurisdictions where there is insufficient supply
of HQLA.
High-quality liquid
assets (HQLA)
Assets which meet APRA’s criteria for inclusion as HQLA in the numerator of the LCR.
Liquidity coverage
ratio (LCR)
An APRA requirement to maintain an adequate level of unencumbered high-quality liquid assets, to meet liquidity
needs for a 30 calendar day period under an APRA-defined severe stress scenario. Absent a situation of financial
stress, the value of the LCR must not be less than 100%. LCR is calculated as the percentage ratio of stock of HQLA,
and qualifying RBNZ securities over the total net cash out-flows in a modelled 30 day defined stressed scenario.
MaturityThe maturity date used is drawn from the contractual maturity date of the customer loans.
Net cash outflows (NCO)Total expected cash outflows minus total expected cash inflows in the specified LCR stress scenario calculated in
accordance with APRA’s liquidity standard.
Net Stable Funding
Ratio (NSFR)
The NSFR is defined as the ratio of the amount of available stable funding (ASF) to the amount of required stable
funding (RSF) defined by APRA. The amount of ASF is the portion of an ADI’s capital and liabilities expected to be a
reliable source of funds over a one year time horizon. The amount of RSF is a function of the liquidity characteristics
and residual maturities of an ADI’s assets and off-balance sheet activities. ADI’s must maintain an NSFR of at
least 100%.

OVERVIEWRISK MANAGEMENTOTHER INFORMATION
23
Credit RiskDescription
Credit conversion
factor (CCF)
Represents the proportion of undrawn limit expected to be drawn down when a facility enters default.
Credit risk weighted assets
(Credit RWA)
Credit risk weighted assets represent risk weighted assets (on-balance sheet and off-balance sheet) that relate to
credit exposures and therefore exclude market risk, operational risk and IRRBB.
CorporateCorporate asset class includes all credit exposures to corporate counterparties and public sector entities, including
Income Producing Real Estate (IPRE) with total consolidated annual revenue less than $750 million.
Financial InstitutionsFinancial Institutions asset class covers exposures to financial institution counterparties. Financial institutions
include, but are not limited to, banks, securities firms, insurance companies and leveraged funds. Credit RWA is
measured under FIRB.
Large CorporateLarge Corporate asset class covers exposures to corporate counterparties with consolidated annual revenue
greater than $750 million. Credit RWA is measured under FIRB.
Other RetailOther Retail asset class covers retail exposures which do not meet the criteria of any other retail asset class.
Qualifying
Revolving Retail
Australian Credit Cards, otherwise known as Qualifying Revolving Retail, covers exposure to individuals and not for
business purposes which are revolving, unsecured and unconditionally cancellable.
RBNZ Regulated EntitiesRBNZ regulated exposures are calculated using RBNZ rules and disclosed separately under a New Zealand class.
Residential MortgagesResidential Mortgages asset class covers exposures, to individuals and not for business purposes, fully or partially
secured by residential property. Non-standard mortgages receive 100% standardised risk weight (rather than the
internally-modelled Retail IRB approach).
SecuritisationExposures relating to Westpac’s involvement in securitisation activities range from a seller of its own assets to an
investor in third party transactions and include the provision of securitisation services for its clients.
SME RetailSME Retail asset class covers exposures where the total exposures are <$1.5m, the customer does not hold a
complex product and consolidated annual revenues are <$75m. Exposures are managed as part of a portfolio.
SovereignSovereign asset class covers exposures to central and sub-national governments, central banks, and development
banks or institutions eligible for zero risk weights. Credit RWA is measured under FIRB.
Specialised LendingSpecialised Lending asset class covers exposures subject to the supervisory slotting approach and includes Project,
Object and Commodities Finance.
Project Finance is defined as exposures where revenues generated by a single project, are both the primary source
of repayment and security for the loan. Object Finance is defined as lending for the acquisition of equipment where
the repayment of the loan is dependent on the cash flows generated by the specific assets that have been financed
and pledged or assigned to the lender.
Credit valuation
adjustment (CVA) risk
The risk of mark-to-market losses related to deterioration in the credit quality of a derivative counterparty also
referred to as credit valuation adjustment (CVA) risk.
DefaultRefer to non-performing exposures definition.
Expected credit
losses (ECL)
Expected credit losses are a probability-weighted estimate of the cash shortfalls expected to result from defaults
over the relevant time frame. They are determined by evaluating a range of possible outcomes and taking into
account the time value of money, past events, current conditions and forecasts of future economic conditions.
Exposure at default (EAD)EAD is calculated at facility level and includes outstandings as well as the proportion of committed undrawn that is
expected to be drawn in the event of a future default.
IndustryCredit exposures in non-retail asset subclasses are assigned an ANZSIC code based on their primary industry.
ANZSIC codes are then allocated to disclosed industry groups. Credit exposures in retail asset subclasses are
classified as “retail lending”.
Non-performing exposuresNon-performing exposures, are those captured by the regulatory definition of default, contained in APS 220 Credit
Risk Management and the RBNZ's Banking Prudential Requirements for New Zealand regulated exposures. Default
occurs when either one, or both, of the following has happened:
•Westpac considers that the borrower is unlikely to pay its credit obligations to Westpac in full, without recourse
to actions such as realising available security;
•The borrower is 90 days or more past-due on a credit obligation to Westpac.
Off-balance
sheet exposure
Credit exposures arising from facilities that are not recorded on Westpac's balance sheet (under accounting
methodology). Undrawn commitments and the expected future exposure calculated for Westpac's derivative
products are included in off-balance sheet exposure.
On-balance sheet exposureCredit exposures arising from facilities that are recorded on Westpac's balance sheet (under
accounting methodology).
Probability of default (PD)Probability of default is a through-the-cycle assessment of the likelihood of a customer defaulting on its financial
obligations within one year.

24WESTPAC GROUP JUNE 2026 PILLAR 3 REPORT
GLOSSARY
OtherDescription
AASBAustralian Accounting Standards Board
ADIAuthorised deposit-taking institutions are corporations that are authorised under the Banking Act 1959 to carry on
banking business in Australia.
A-IRBAdvanced Internal Ratings-Based Approach
APRAAustralian Prudential Regulation Authority
APSAustralian Prudential Standard
ASFAvailable Stable Funding
AT1Additional Tier 1 capital
BCBSBasel Committee on Banking Supervision
bpsBasis points
CCFCredit Conversion Factor
CCPCentral counterparty
CCRCounterparty Credit Risk
CRMCredit Risk Mitigation
D-SIBDomestic Systemically Important Bank
ELEAn extended licensed entity (ELE) comprises an ADI and any subsidiaries of the ADI that have been approved by
APRA as being part of a single ‘stand-alone’ entity.
ERBAExternal Rating Based Approach
F-IRBFoundation Internal Ratings-Based Approach
G-SIBGlobal Systemically Important Bank
ICAAPInternal Capital Adequacy Assessment Process
IMAInternal Model Approach
IPREIncome-producing residential real estate
IRRBBInterest Rate Risk in the Banking Book
LACLoss Absorbing Capacity
RBNZReserve Bank of New Zealand
RSFRequired Stable Funding
SAStandardised Approach
SEC-ERBASecuritisation External Ratings-based Approach
Second Quarter 2026Three months ended 31 March 2026
SEC-SASecuritisation Standardised Approach
SMAStandardised Measurement Approach
SMESmall and Medium Sized Enterprise
Third Quarter 2026Three months ended 30 June 2026
WNZLWestpac New Zealand Limited

OVERVIEWRISK MANAGEMENTOTHER INFORMATION
25
DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS
Disclosure regarding forward-looking statements
The information contained in this report contains statements that constitute “forward-looking statements”.
Forward-looking statements are statements that are not historical facts. Forward-looking statements appear in a
number of places in this report and include statements regarding Westpac’s current intent, belief or expectations
with respect to its business and operations, macro and micro economic and market conditions, results of operations
and financial condition and performance, capital adequacy and liquidity and risk management, including, without
limitation, future loan loss provisions and financial support to certain borrowers, forecasted economic indicators and
performance metric outcomes, indicative drivers, climate- and other sustainability-related statements, commitments,
targets, projections and metrics, and other estimated and proxy data.
Words such as ‘will’, ‘may’, ‘expect’, ‘intend’, ‘seek’, ‘would’, ‘should’, ‘could’, ‘continue’, ‘plan’, ‘estimate’, ‘anticipate’,
‘believe’, ‘probability’, ‘indicative’, ‘risk’, ‘aim’, ‘outlook’, ‘forecast’, ‘f’cast’, ‘f’, ‘assumption’, ‘projection’, ‘target,’ goal’,
‘guidance’, 'objective', ‘ambition’, 'pursue' or other similar words, are used to identify forward-looking statements. These
statements reflect Westpac’s current views on future events and are subject to change, certain known and unknown
risks, uncertainties and assumptions and other factors which are, in many instances, beyond Westpac’s control (and the
control of Westpac’s officers, employees, agents, and advisors), and have been made based on management’s and/or
the Board's current expectations or beliefs concerning future developments and their potential effect upon Westpac.
Forward-looking statements may also be made, verbally or in writing, by members of Westpac’s management or Board
in connection with this report. Such statements are subject to the same limitations, uncertainties, assumptions and
disclaimers set out in this report.
There can be no assurance that future developments or performance will align with Westpac’s expectations or that
the effect of future developments on Westpac will be those anticipated. Actual results could differ materially from
those Westpac expects or which are expressed or implied in forward-looking statements, depending on various factors
including, but not limited to, those described in the risk factors in Westpac’s First Half 2026 Risk Factors. When relying
on forward-looking statements to make decisions with respect to Westpac, investors and others relying on information
in this report should carefully consider such factors and other uncertainties and events.
Except as required by law, Westpac assumes no obligation to revise or update any forward-looking statements in this
report, whether from new information, future events, conditions or otherwise, after the date of this report.

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