Westpac Profit?

Westpac profit grows to $4 billion, BankSA sees modest rise ...
www.news.com.au/national/...yr-profit.../story-e6frfkp9-1226049651109
May 4, 2011 - WESTPAC lifted first half profit by 38 per cent to $3.96 billion, whileBankSA posted a modest earnings rise.


This isn't adding up?


www.westpac.com.au/about-westpac/westpac-group/.../about-us/



Westpac Banking Corporation (Westpac) was founded in 1817 and was the first bank ...the Westpac Group's reported net profit after income tax was A$7,561 million ... private banking and insurance operations of Bank of Melbourne, BankSA,  ..


The Commonwealth Bank made an $8.68bn profit (up 12%), ANZ’s was $7.12bn (up 10%), and Westpac made $7.63bn (up 8%). Only NAB, which earned $5.18bn, saw a reduced profit from the year before (down 10%).
Just to ram home the point, yesterday Commonwealth Bank announced that in the first quarter of this financial year it made cash earnings of $2.3bn – up from $2.1bn the same time last year.http://www.theguardian.com/business/grogonomics/2014/nov/06/big-four-banks-profits-soar-but-dont-expect-any-gratitude-for-taxpayer-help


PricewaterhouseCoopers shows the major banks' combined cash profit this year has surged 9.5 per cent to $27.4 billion.  http://www.heraldsun.com.au/business/gail-kelly-all-smiles-as-bank-of-melbourne-st-george-parent-westpac-chalks-up-71b-profit/story-fni0dcne-1226752553923


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Westpac urged to close 200 branches
www.smh.com.au/.../banking.../westpac-urged-to-close-200-branches-20...



Jul 10, 2014 - St George - which includes Bank of Melbourne, BankSA and RAMS - was one of ... posting 12 per cent annual growth in profit, to $772 million.