trending Market Intelligence /marketintelligence/en/news-insights/trending/oAUqhqOGLopKloMpnoaeEw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Westpac exiting mortgage business in Singapore

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks


Westpac exiting mortgage business in Singapore

Westpac Banking Corp. has decided to exit the mortgage business in Singapore, Finews.com reported May 22.

The bank will unwind its investment property loan book in Singapore, as well as Hong Kong, after taking into account commercial and strategic factors. The loans relate to properties in Australia and New Zealand, the outlet reported, citing a Business Times report. Westpac notified 300 customers about its decision, giving them six months to either repay or refinance the loans.

Westpac's Singapore office houses the bank's Asia headquarters.