Thursday, February 2, 2023
HomeMortgageBankwest to transition out of business lending

Bankwest to transition out of business lending


Bankwest has introduced that it’ll not supply enterprise merchandise underneath the Bankwest model and can progressively supply, and transition its current enterprise banking clients to Commonwealth (CBA) services and products.

“We consider providing our enterprise clients entry to CBA’s market main merchandise and providers is one of the simplest ways to satisfy their wants and assist them in persevering with to realize their objectives in in the present day’s demanding market,” Bankwest mentioned on its web site.

Enterprise clients transitioning to CBA will proceed to be served by Bankwest’s current WA-based group, with the transition anticipated to happen over a interval of years.

“Whereas we acknowledge this can be a vital change, we consider we will likely be higher capable of meet extra buyer wants with larger simplicity and ease,” Bankwest mentioned.

The change relates solely to business or enterprise banking merchandise and doesn’t impression residential lending in any method.

Prospects needn’t take any motion for now and will likely be knowledgeable in regards to the transition schedule. 

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