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Why Is Westpac Selling Its $21.4bn RAMS Mortgage Portfolio Now?
7:41am on Monday 3rd of November, 2025 AEDT
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Financials
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Why Is Westpac Selling Its $21.4bn RAMS Mortgage Portfolio Now?
7:41am on Monday 3rd of November, 2025 AEDT
Key Points
Sale of $21.4bn RAMS mortgage portfolio to Pepper Money-led consortium
Transaction at slight premium to gross loan value but expects loss after costs
Completion subject to regulatory approvals, expected in second half of 2026
Westpac’s common equity Tier 1 capital ratio to rise by approximately 20 basis points
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