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Westpac Reports FY25 Earnings, Boosts Capital with A$21.4 Billion RAMS Portfolio Sale
Stock Market News· 2025-11-03 05:08
Key TakeawaysWestpac (WBC) reported a full-year 2025 net income of A$6.92 billion, slightly below analyst estimates, with a strong second-half performance of A$3.60 billion.The bank's CET1 ratio stood at a robust 12.5%, exceeding expectations, and is set to further improve by approximately 20 basis points following the announced sale of its RAMS mortgage portfolio.Westpac (WBC) will sell its A$21.4 billion RAMS mortgage portfolio to a consortium including Pepper Money (PPM), KKR, and PIMCO, with completion ...