Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 44

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 44
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 credit commitments         ​   4,978   ​      5,084   ​   4,398   ​      4,402
Provision for ECL on debt securities at amortised costa   ​       3   ​          6   ​       -   ​          2
Provision for ECL on debt securities at FVOCIb            ​       6   ​          6   ​       5   ​          6
Total provision for ECL                                   ​   4,987   ​      5,096   ​   4,403   ​      4,410
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a.   Provision for ECL on debt securities at amortised cost is presented as part of investments securities.
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b.   Provision for ECL on debt securities at FVOCI forms part of equity reserves.
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Reconciliation of impairment charges
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                           ​                               ​      ​      ​       ​     ​      ​      ​       ​  
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​                                                          ​            Consolidated    ​          Parent Entity
$m                                                         2025                 2024         2025           2024
Loans and credit commitments:                                                                                   
Business activity during the year                               (380)          (318)        (348)          (284)
Net remeasurement of the provision for ECL                      1,054          1,044        1,054            937
Impairment charges for debt securities at amortised cost          (3)              -          (2)              1
Impairment charges for debt securities at FVOCI                     -              1          (1)              1
Impairment on due from subsidiaries                        ​        -      ​       -    ​    (23)      ​       4
Recoveries                                                      (247)          (190)        (240)          (184)
Impairment charges/(benefits) (Note 6)                     424                   537          440            475
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40 WESTPAC GROUP 2025 ANNUAL REPORT
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NOTES TO THE FINANCIAL STATEMENTS

Note 10.Provision for expected credit losses (Continued)
Total write-offs net of recoveries to average loans
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                         ​                            ​     ​      ​      ​  
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​                                                     ​          Consolidated
%                                                     2025               2024
Housing                                               ​