close
MENU
2 mins to read

Westpac sacrifices market share for quality mortgages

Chief executive David McLean says his bank is taking a cautious approach.

Jenny Ruth
Tue, 08 Nov 2016

Westpac says it’s been sacrificing market share in the mortgage market to ensure it’s writing quality loans.

The nation’s third-largest mortgage lender reported some financial results on Monday, although not its statutory net profit.

Instead, Westpac said its cash earnings, a measure open to

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Jenny Ruth
Tue, 08 Nov 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Westpac sacrifices market share for quality mortgages
62961
true