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Australian lender Westpac's full-year profit ticks higher

Reuters

Nov 2(Reuters) - ‌Australian lender Westpac Banking Corp ​reported ‌a marginal rise in ‌its full-year profit on Monday, helped ‌by healthy growth in deposits and lending, although mortgage demand ⁠slowed following the ‌government's tax changes.

The ⁠country's third-largest lender ​by market value reported net profit ​excluding notable items ​of ‌A$6.99 billion ($4.91 billion) for ​the year ⁠ended September 30, ‌compared with ​A$6.97 ​billion reported last year.

That was in line with the Visible Alpha ‌consensus estimate of A$6.99 billion.

($1 = 1.4225 ‌Australian ​dollars)

(Reporting by Sherin Sunny and Shivangi Lahiri in Bengaluru; Editing ‌by Edmund Klamann)