The boss of Westpac's New Zealand arm insists our banking market is competitive. 

Westpac is reporting a 10% increase in net profit in New Zealand while being hit by "intense market competition" in Australia. 

It comes as the bank bosses are being hauled before a banking inquiry at Parliament. 

Catherine McGrath told Mike Hosking the bank is positioned to support Kiwis as the economy starts to grow. 

She says as the smallest of the big four banks, Westpac believes any way to make competition easy is a good thing. 

LISTEN ABOVE 

The boss of Westpac's New Zealand arm insists our banking market is competitive.&nbsp;
Westpac is reporting a 10% increase in net profit in New Zealand while being hit by "intense market competition" in Australia.&nbsp;
It comes as the bank bosses are being hauled before a banking inquiry at Parliament.&nbsp;
Catherine McGrath told Mike Hosking the bank is positioned to support Kiwis as the economy starts to grow.&nbsp;
She says as the smallest of the big four banks, Westpac believes any way to make competition easy is a good thing.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Catherine McGrath: Westpac NZ CEO on the competitiveness of the banking sector, 10% increase in net profit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8e454d5c-aabd-43ee-a07d-b21e013310f4/transcript

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