Westpac has posted a 12 per cent rise in net profit to $7.6 billion, with a more modest increase in dividend.
Westpac's cash earnings were also $7.6 billion, but up a smaller 8 per cent on last year's result.
The bank's return on equity, a key profit measure, was up almost half a percentage point to 16.4 per cent.
Despite the strong rise in profitability, Westpac has elected to lift its dividend by just 5 per cent to $1.82 for the full-year, incorporating a final dividend of 92 cents per share.
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