Westpac New Zealand has reduced lending and deposit rates following the RBNZ's OCR cut to 3.25%. Special fixed home loan ...

Banks had already started to cut their interest rates, ahead of an expected drop in the official cash rate (OCR) on Wednesday. BNZ moved on Tuesday, offering a 4.95 percent rate for one year and two ...

Westpac NZ is reducing home loan rates, offering customers a special rate of 4.95% p.a. across terms 1, 2 and 3-years, effective from Thursday, 29 ...

Australian banking major Westpac is allowing its home loan customers to open multiple offset accounts, without incurring extra fees. Through the move, the bank aims to offer more flexibility in ...

But ANZ, NAB and CBA said customers would need to contact them to actually reduce their direct-debit repayments.

Retail banks have begun to cut their mortgage interest rates after the Reserve Bank dropped the Official Cash Rate from 3.5 to 3.25%.

Westpac Banking Group acquisition of RAMS Home Loans is another notable industry failure. In 2007 RAMS Home Loans business model of lending to low-income earners using cheaply sourced debt in the ...

In a statement to the Australian Securities Exchange, Westpac confirmed it would close subsidiary RAMS to new home loan applications from Tuesday as part of a “strategic review” to simplify ...

Investors interested in Westpac Banking Corp (ASX: WBC) shares need to consider if things are about to get better or worse ...

SYDNEY (Reuters) -The CEO of Australia's second-largest home lender Westpac said on Tuesday the nation's economy was showing signs of recovery with reduced mortgage stress and rising demand for ...

The bank has suffered from slow approval times in home lending ... levels above 11% by fiscal 2028. We expect Westpac to grow group loans at 4% per year over the next five years, shadowing ...