Australia's Westpac to sell auto finance loan book to Resimac Group

Resimac

03/10/2024 24:16

Oct 3 (Reuters) - Westpac Banking Corp  WBC.AX  said on
Thursday it would sell its auto finance loans book to non-bank
lender Resimac Group  RMC.AX  for an expected value of A$1.4
billion ($963.62 million) to A$1.6 billion.

($1 = 1.4529 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru; Editing by Alan
Barona)
 ((Himanshi.Akhand@thomsonreuters.com))