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Reuters

Reuters

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Business & Economics

Australian lender Westpac reports 13% rise in first-quarter profit

Reuters
Summary
Nutrition label

83% Informative

Australia 's Westpac Banking posted a 13% rise in its first-quarter net profit.

The country's No. 3 lender by market value said unaudited net profit was A$1.7 billion ( $1.08 billion ) The bank's core net interest margin - the difference between interest earned from lending and paid for deposits - fell 2 basis points.

VR Score

94

Informative language

100

Neutral language

91

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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