Annual Report 2022

Improved rating reflecting our continued focus, initiatives, and strategies to support and enable our staff.

We successfully managed and delivered on all client borrowing requirements during a year of heightened market volatility.

We continued to deliver high-quality, cost-effective financial solutions. Our Advisory Services team contributed their expertise to 53 projects for 32 clients.

We transacted in 11 currencies on behalf of 20 clients and assisted in effectively managing their foreign exchange risk.

We successfully managed five client investment portfolios in accordance with approved policy frameworks.

We engaged with over 450 client contacts through our education and training programs, industry forums and economic presentations.

S&P Global Ratings reinstated Western Australia’s AAA credit rating, which was “supported by Western Australia’s track record of robust financial management, a very high-income economy, and exceptional liquidity”.

We produced, in partnership with an intra-government working group, the inaugural Environmental, Social and Governance (ESG) Information Pack, to showcase the State’s current and planned ESG-related projects and initiatives.

We updated our Local Government lending framework to ensure our lending practises continue to be responsible and appropriate in supporting the financial sustainability of the sector.