Via WBC CEO, Brian Hartzer at the AFR:
“Let’s be clear: we want to lend. And we have enough capital and funding to ensure we continue to meet the borrowing needs of consumers, small businesses, and commercial enterprises – even in a downturn.
“For Westpac, the recent decline in credit growth was due entirely to a reduction in new applications: average approved loan sizes actually increased slightly, while our approval rates remained unchanged.
