Brief: Westpac Sells RAMS Mortgage Portfolio
03/11/2025 24:42
Nov 3 (Reuters) - Westpac Banking Corp WBC.AX: WESTPAC SELLS RAMS MORTGAGE PORTFOLIO ENTERED INTO AN AGREEMENT TO SELL ITS A$21.4BN RAMS MORTGAGE PORTFOLIO ENTERED INTO AN AGREEMENT TO SELL ITS $21.4BN RAMS MORTGAGE PORTFOLIO TO A CONSORTIUM WHICH INCLUDES PEPPER MONEY FOLLOWING COMPLETION, WESTPAC'S COMMON EQUITY TIER 1 CAPITAL RATIO IS ESTIMATED TO INCREASE BY C.20 BPS. COMPLETION EXPECTED TO OCCUR IN 2H26 FOLLOWING COMPLETION, WESTPAC'S COMMON EQUITY TIER 1 CAPITAL RATIO IS ESTIMATED TO INCREASE BY C.20 BPS ALL FIGURES IN AUD Further company coverage: WBC.AX ((Reuters.Briefs@thomsonreuters.com;))