Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 52

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 52
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 such as political situations, government policies and economic conditions that may adversely affect either a customer’s ability to meet its obligations to Westpac, or Westpac’s ability to realise its assets in a particular country.
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FINANCIAL   EXHIBITS INDEX   STRATEGIC   PERFORMANCE   EXHIBIT 15.4   ADDITIONAL 
REPORT                       REVIEW      REVIEW                       INFORMATION
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Note 11.Credit risk management (Continued)
Maximum exposure to credit risk
The maximum exposure to credit risk (excluding collateral received) is represented by the carrying amount of on-balance sheet financial assets (which comprise cash and balances with central banks, collateral paid, trading securities and financial assets measured at FVIS, derivative financial instruments, investment securities, loans, other financial assets, and undrawn credit commitments.
The following tables set out the credit risk concentrations to which Westpac and the Parent Entity are exposed for on-balance sheet financial assets and for undrawn credit commitments.
The balances for trading securities and financial assets measured at FVIS and investment securities exclude equity securities as the primary financial risk is not credit risk.
The credit concentrations for each significant class of financial asset are:

Trading securities and financial assets measured at FVIS (Note 16)   ​   ●58% (2024: 47%) were issued by financial institutions for Westpac;59% (2024: 48%) for the Parent Entity.●41% (2024: 50%) were issued by government or semi-government authorities for Westpac;40% (2024: 49%) for the Parent Entity.●87% (2024: 82%) were held in Australia by Westpac;90% (2024: 86%) by the Parent Entity.
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Investment securities (Note 17)                                      ​   ●14% (2024: 17%) were issued by financial institutions for Westpac;14% (2024: 17%) for the Parent Entity.●85% (2024: 82%) were issued by government or semi-government authorities for Westpac;86% (2024: 83%) for the Parent Entity.●85% (2024: 91%) were held in Australia by Westpac;92% (2024: 99%) by the Parent Entity.
Loans (Note 9)                                                       ​   The following tables provides a detailed breakdown of loans by industry and geographic classification.                                                                                                                                                                                                                       
Derivative financial instruments (Note