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Westpac profits dip to $6.9 billion; RAMS home loans sold

Summary by WA Today
The country’s second-largest mortgage lender says lower interest rates are helping customers and cost of living pressures have eased.

6 Articles

Sydney Morning HeraldSydney Morning Herald
+3 Reposted by 3 other sources
Lean Left

Westpac boss says selling $21.4b RAMS loan book will help cut costs

The country’s second-largest mortgage lender will lose market share under a plan to sell RAMS, but CEO Anthony Miller says the move makes sense.

·Sydney, Australia
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Australian Financial ReviewAustralian Financial Review
Lean Right

Westpac profit slips on tough competition; RAMS sale agreed

The company’s annual net profit of $6.92 billion was slightly down on the prior year, as the bank also announced the sale of its RAMS mortgage portfolio.

·Sydney, Australia
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interest.co.nzinterest.co.nz

Westpac NZ says average home loan customer has $12k 'buffer'

Westpac New Zealand annual profit falls as expenses rise. Net interest margin rises 15 basis points

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Australian Financial Review broke the news in Sydney, Australia on Sunday, November 2, 2025.
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