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Westpac Singapore pulls rug from under 300 mortgage customers

Bank exits Singapore home loan business, gives mortgagors six months to refinance loans

Anita Gabriel

Anita Gabriel

Published Tue, May 21, 2019 · 09:50 PM
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Singapore

WESTPAC Singapore is exiting the mortgage business, leaving 300 borrowers - both foreigners and Singaporeans - in the lurch.

The Singapore office, which also houses the Asia headquarters of Australia's oldest and second largest bank Westpac Banking Corp, is unwinding its loan portfolio related to properties in Australia and New Zealand.

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