Westpac is promising to better support its subsidiary bank brands after losing customers because of overpriced mortgage products for home owners.

Create a free account to read this article

Login or signup to continue reading

Continue with Email

Continue with Google

Continue with Apple

The percentage of Australian consumers who consider a Westpac bank as their main financial institution fell from 16.8 per cent a year ago to 15.4 per cent at the end of 2024/25, even as the lender grew its overall customer deposit level by seven per cent to $723 billion.

The loss of market share came from customers at Westpac's three state-specific regional brands - St George Bank, BankSA and Bank of Melbourne - switching all of their banking to another institution because of overpriced mortgage pr

See Full Page