You are here

BT EXCLUSIVE

Westpac Singapore pulls rug from under 300 mortgage customers

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

BT_20190522_WESTPAC_3788072.jpg
Westpac says it has arranged refinance options through local banks in Singapore and HK, and Westpac in Australia and NZ.

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...

sentifi.com

Market voices on: