Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 41

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 41
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080    ​   564,844     ​   139,828    ​        9,309    ​   713,981
Credit commitments                                         ​   177,414     ​    17,852    ​          438    ​   195,704    ​   160,418     ​    27,033    ​          411    ​   187,862
Gross loans and credit commitments                             805,906         139,799             9,079        954,784        725,262         166,861             9,720        901,843
Coverage ratio on loans (%)                                ​      0.11     ​      1.47    ​        17.31    ​      0.52    ​      0.10     ​      1.36    ​        16.17    ​      0.55
Coverage ratio on loans and credit commitments (%)                0.10            1.46             16.79           0.46           0.09            1.32             15.76           0.49
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FINANCIAL   EXHIBITS INDEX   STRATEGIC   PERFORMANCE   EXHIBIT 15.4   ADDITIONAL 
REPORT                       REVIEW      REVIEW                       INFORMATION
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Note 10.Provision for expected credit losses (Continued)
Movement in provision for ECL on loans and credit commitments 
The reconciliation of the provision for ECL tables for loans and credit commitments has been determined by an aggregation of monthly movements over the year. The key line items in the reconciliation represent the following:

●   “Transfers between stages” represents transfers between Stage 1, Stage 2 and Stage 3 prior to remeasurement of the provision for ECL;
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●   “Business activity during the year” represents new accounts originated during the year net of those that were de-recognised due to final repayments during the year;
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●   “Net remeasurement of provision for ECL” represents the impact on the provision for ECL due to changes in credit quality during the year (including transfers between stages), changes in portfolio overlays, changes due to forward-looking economic scenarios and partial repayments and additional draw-downs on existing facilities over the year; and
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●   “Write-offs” represents a reduction in the