*WESTPAC SELLS RAMS MORTGAGE PORTFOLIO
*ENTERED INTO AN AGREEMENT TO SELL ITS A$21.4BN RAMS MORTGAGE PORTFOLIO
*ENTERED INTO AN AGREEMENT TO SELL ITS $21.4BN RAMS MORTGAGE PORTFOLIO TO A CONSORTIUM WHICH INCLUDES PEPPER MONEY
*FOLLOWING COMPLETION, WESTPAC'S COMMON EQUITY TIER 1 CAPITAL RATIO IS ESTIMATED TO INCREASE BY C.20 BPS.
*COMPLETION EXPECTED TO OCCUR IN 2H26
*FOLLOWING COMPLETION, WESTPAC'S COMMON EQUITY TIER 1 CAPITAL RATIO IS ESTIMATED TO INCREASE BY C.20 BPS
*ALL FIGURES IN AUD
*Further company coverage: WBC.AX
* ((Reuters.Briefs@thomsonreuters.com;))
((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 02-NOV-202522:10:00.053 GMT