---
title: "Westpac strengthens capital with $15.4bn RAMS mortgage portfolio sale"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294614940.md"
description: "Westpac completed the $15.4 billion sale of its RAMS mortgage portfolio to a consortium including Pepper Money, KKR, and PIMCO. This divestment strengthens Westpac's balance sheet, increasing its common equity Tier 1 ratio by approximately 23 basis points. The transaction aligns with the bank's strategy to simplify operations and reduce complexity, while transferring servicing responsibilities for RAMS borrowers to Pepper Money."
datetime: "2026-08-02T22:12:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294614940.md)
  - [en](https://longbridge.com/en/news/294614940.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294614940.md)
generator: "portal-rs"
---

# Westpac strengthens capital with $15.4bn RAMS mortgage portfolio sale

The latest announcement is out from Westpac Banking ( (AU:WBC) ).

Westpac has completed the sale of its $15.4 billion RAMS mortgage portfolio to a consortium including Pepper Money and funds managed by KKR and PIMCO, marking a significant divestment from its non-core lending operations. The deal strengthens Westpac’s balance sheet, lifting its common equity Tier 1 ratio by about 23 basis points, and is framed as part of a broader strategy to simplify the bank, reduce operational complexity, and ensure a smooth transition for RAMS customers to Pepper Money.

Westpac executives said the transaction reflects the bank’s ongoing focus on becoming simpler and stronger, with an emphasis on delivering better outcomes for home lending customers. The move underscores the trend among major Australian banks to shed selected portfolios and partnerships, potentially sharpening Westpac’s competitive positioning in core markets while transferring servicing responsibilities for RAMS borrowers to a specialist lender.

The most recent analyst rating on (AU:WBC) stock is a Buy  
 with a A$45.00 price target.  
 To see the full list of analyst forecasts on Westpac Banking stock,  
 see the AU:WBC Stock Forecast page. 

**More about Westpac Banking**

Westpac Banking Corporation is a major Australian financial institution providing retail and business banking services, with a significant focus on home lending. The bank operates nationally from its Sydney headquarters and competes across mortgages and broader consumer finance, seeking to streamline operations while maintaining strong capital levels and customer service standards.

**YTD Price Performance:** 0.07%

**Average Trading Volume:** 5,038,704

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** A$129.4B

See more insights into WBC stock on TipRanks’ Stock Analysis page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**