Westpac's Financial Milestones: Profit Surge and Strategic Sale

Understanding Westpac's $7 Billion Profit and RAMS Divestment

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Westpac Banking Corporation has reported a robust full-year profit of $7 billion, underscoring its strong financial performance in the current economic climate.

In a strategic move, the bank has also announced the sale of its RAMS mortgage business for $21.4 billion, a decision that aligns with its focus on streamlining operations and enhancing shareholder value.

The substantial profit reflects Westpac's effective cost management and revenue growth strategies. The sale of RAMS, a mortgage broker business, indicates a strategic shift towards core banking operations and away from non-core assets. This divestment is expected to improve the bank's capital position and allow it to focus on areas with higher growth potential.

For customers, this move may lead to changes in the mortgage market landscape. While RAMS will continue to operate under new ownership, the sale could result in shifts in mortgage products and services. Borrowers should stay informed about any changes and consider how they might impact their existing or prospective mortgage arrangements.

In summary, Westpac's announcement of a $7 billion profit and the sale of its RAMS mortgage business marks a significant development in the Australian banking sector. These moves reflect the bank's strategic priorities and have implications for borrowers and the broader financial market.

Published:Friday, 13th Feb 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

APRA's New Lending Limits: What Borrowers Need to Know

13 Feb 2026: Paige Estritori

The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at curbing high-risk lending practices within the housing market. Effective from 1 February 2026, APRA will implement a cap limiting banks to issuing no more than 20% of new home loans with debt-to-income (DTI) ratios of six times or higher. This measure applies to both owner-occupier and investor loans, excluding new housing developments. - read more

Westpac's Financial Milestones: Profit Surge and Strategic Sale

13 Feb 2026: Paige Estritori

Westpac Banking Corporation has reported a robust full-year profit of $7 billion, underscoring its strong financial performance in the current economic climate. In a strategic move, the bank has also announced the sale of its RAMS mortgage business for $21.4 billion, a decision that aligns with its focus on streamlining operations and enhancing shareholder value. - read more

Introducing the Kia Tasman: Kia's Entry into the Australian Ute Segment

13 Feb 2026: Paige Estritori

The Australian ute market is poised to welcome a new entrant with the upcoming launch of the Kia Tasman. Scheduled to arrive in mid-2025, the Tasman marks Kia's inaugural foray into the competitive utility vehicle segment, traditionally dominated by models like the Ford Ranger, Toyota HiLux, and Isuzu D-Max. - read more

Lightspeed Motor Company: Bringing Car Manufacturing Back to Australia

13 Feb 2026: Paige Estritori

In a bold move to revitalise Australia's automotive manufacturing sector, Melbourne-based Lightspeed Motor Company has announced plans to locally produce the Ariel Atom sports car and the Ariel Nomad off-roader. This initiative aims to address lengthy wait times and high costs associated with importing these vehicles from the UK. - read more

Click for more Finance News

Car Loans Articles

How Credit Scores Affect Your Car Loan Options

In the world of personal finance, a credit score plays a pivotal role in determining your borrowing power. But what exactly is a credit score? Simply put, it's a numerical representation of your creditworthiness, based on an analysis of your credit files. This score helps lenders assess the risk of lending you money or extending credit. - read more

Unlocking Savings: The Benefits of Refinancing Your Car Loan

Refinancing your car loan can be a game changer for your financial health. But what exactly does it mean? In simple terms, refinancing involves replacing your current car loan with a new one, usually to secure better interest rates or more favorable terms. - read more

Smart Saving Strategies for First-Time Car Buyers

Welcome to a beginner's guide to saving for your first car! Buying a car for the first time is an exciting journey, filled with anticipation and, sometimes, a bit of anxiety. Rest assured, you are not alone on this path. Many Australians have taken these steps before you, and with the right strategies, you can turn this experience into a rewarding achievement. - read more

Understanding Business Car Loans: What You Need to Know

Welcome to our comprehensive guide on business car loans! Whether you're an entrepreneur or a small business owner in Australia, understanding the ins and outs of vehicle loans can be immensely beneficial. Our goal is to provide you with practical insights and tips to navigate the financial landscape with ease. - read more

Knowledgebase

Interest Rate:
A rate which is charged or paid for the use of money. An interest rate is often expressed as an annual percentage of the principal. It is calculated by dividing the amount of interest by the amount of principal. Interest rates often change as a resul

This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.

IMPORTANT: We do not provide financial product advice or credit assistance. We act solely as an introducer and refer enquiries to licensed third-party intermediaries, insurers, and lenders - with whom you can then deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.

Westpac's Financial Milestones: Profit Surge and Strategic Sale

Understanding Westpac's $7 Billion Profit and RAMS Divestment

Share this news item:

Free Assessment