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‘Many facing pressures’: Westpac mortgage arrears, business lending weighs on bank’s book

Pelican Press

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‘Many facing pressures’: Westpac mortgage arrears, business lending weighs on bank’s book

More mortgage holders are behind on repayments and businesses are battling falling demand as cost-of-living grinds on the *********** economy, Westpac’s latest quarterly results show.

In a third quarter update to the ASX on Monday, Westpac chief executive Peter King said financial headwinds were tough.



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#facing #pressures #Westpac #mortgage #arrears #business #lending #weighs #banks #book

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